EUSTX50 has broken through a resistance line of a Flag and suggests a possible movement to 3952.0491 within the next 20 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 10 days.
Related Posts
Because DAX 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Rising Wedge pattern in its final wave was identified on the DAX 40 1 hour chart. After…
FTSE 100 seems to be on its way to resistance – a possible opportunity?
FTSE 100 is heading towards a line of 8697.3496. If this movement continues, the price of FTSE 100…
Is the extremely large movement on DOW 30 a sign of things to come?
DOW 30 hits 40260.1 after a 8.95% move spanning 11 days.