The movement of FRA40 towards the resistance 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 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
ASX 200 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
ASX 200 is moving towards a support line which it has tested numerous times in the past. We…
Will DOW 30 break through the resistance level it tested before?
DOW 30 is en route to a very important line that will be a definite deciding factor of…
Is the extremely large movement on FTSE 100 a sign of things to come?
An unexpected large move has occurred on FTSE 100 Daily chart beginning at 7677.0 and ending at 8331.64.…