AUS200 has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 7137.1980 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Because DAX 40 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
DAX 40 is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…
Nikkei 225 is approaching 38585.0000. We expect either a breakout through this line, or a rebound.
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…
There is a possibility of a big movement on Nikkei 225 after a breach of the support
Nikkei 225 moved through the support line of a Channel Up at 39983.92307692308 on the 1 hour chart.…