The movement of GER30 towards the support line of a Falling 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 8 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 moves higher to 7585.9 in the last 24 days.
A movement of 8.8% over 24 days on CAC 40 doesn’t go unnoticed. You may start considering where…
A Rising Wedge has formed, CAC 40 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
CAC 40 was identified at around 7615.2 having recently rebounded of the support on the 1 hour data…
Important price line being approached by NAS 100. This price has been tested numerous times before.
NAS 100 is approaching a support line at 19436.7383. If it hits the support line, it may break…