You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 15304.9432 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Because Nikkei 225 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
A Channel Down pattern was identified on Nikkei 225 at 39504.0, creating an expectation that it may move…
After trying numerous times in the past, DOW 30 finally breaks 44374.6914!
DOW 30 is once again retesting a key horizontal support level at 44374.6914. It has tested this level…
After testing 44227.1914 numerous times, DOW 30 is once again approaching this price point. Can we expect a bearish trend to follow?
The movement of DOW 30 towards 44227.1914 price line is yet another test of the line it reached…