The movement of FRA40 towards the support line of a Rising Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
Because CAC 40 formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Triangle. It has touched this line numerous times in…
Breach of 6008.0898 could mean a start of a bullish trend on US 500
US 500 has broken through 6008.0898 which it has tested numerous times in the past. We have seen…
Is the extremely large movement on FTSE 100 a sign of things to come?
Those of you that are trend followers are probably eagerly watching FTSE 100 to see if its latest…