AUS200 has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 6960.2267 within the next 8 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
A possible move on FTSE 100 as it heads towards resistance
FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this line before,…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is moving towards a support line which it has tested numerous times in the past. We…
Important resistance line being approached by US 500. This price has been tested numerous time in the last 9 days
US 500 is trapped in a Pennant formation, implying that a breakout is Imminent. This is a great…