The movement of GER30 towards the resistance line of a Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 5 hours, 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 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is heading towards the support line of a Channel Up. If this movement continues, the price…
DAX 40 seems to be on its way to resistance – a possible opportunity?
The price of DAX 40 in heading back to the resistance area. It is possible that it will…
FTSE 100 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Channel Up pattern in its final wave was identified on the FTSE 100 1 hour chart. After…