JPN225 has broken through a resistance line of a Pennant and suggests a possible movement to 23693.4508 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Related Posts
After testing 8208.1201 numerous times, FTSE 100 has finally broken through. Can we expect a bullish trend to follow?
FTSE 100 has broken through a resistance line. It has touched this line numerous times in the last…
Nikkei 225 is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 36 days.
A Triangle pattern was identified on Nikkei 225 at 38767.0, creating an expectation that it may move to…
A possible move on US 500 as it heads towards support
US 500 is moving towards a support line. Because we have seen it retrace from this line before,…