GER30 is moving towards the resistance line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GER30 continues in its current trajectory, we can expect it to reach 11920.0000 within the next 2 days.
Related Posts
Nikkei 225 likely to test 39405.0000 in the near future. Where to next?
The price of Nikkei 225 in heading back to the resistance area. It is possible that it will…
Because US 500 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
An emerging Rising Wedge has been detected on US 500 on the 30 Minutes chart. There is a…
After trying numerous times in the past, NAS 100 finally breaks 21463.3496!
NAS 100 has broken through a resistance line. It has touched this line numerous times in the last…