The last 18 1 hour candles on AUS200 formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 7454.6358.
Related Posts
NAS 100 – breach of price line that’s been previously tested numerous times before
A strong support level has been breached at 21211.6152 on the 30 Minutes NAS 100 chart. Technical Analysis…
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 is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a…
A possible move on ASX 200 as it heads towards support
ASX 200 is moving towards a support line. Because we have seen it retrace from this line before,…