The movement of FRA40 towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
CAC 40 – approaching a support line that has been previously tested at least twice in the past
Emerging Triangle pattern in its final wave was identified on the CAC 40 4 hour chart. After a…
If DOW 30 touches 41845.8516 it may be time to take action.
DOW 30 is moving towards a line of 41845.8516 which it has tested numerous times in the past.…
FTSE 100 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.
FTSE 100 is heading towards the resistance line of a Rising Wedge and could reach this point within…