The movement of US30 towards the support 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 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
DAX 40 is signaling a possible trend reversal on the intraday charts with price not breaching support.
DAX 40 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
An unexpected large move has occurred on DAX 40 Daily chart! Is this a sign of something new? What can we expect?
An unexpected large move has occurred on DAX 40 Daily chart beginning at 19951.4 and ending at 23224.1.…
CAC 40 – breach of price line that’s been previously tested numerous times before
The price of CAC 40 in heading in the direction of 7800.3799. Despite the recent breakout through 7731.6001…