US30 has broken through a support line of a Channel Up and suggests a possible movement to 29707.5279 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 11 days.
Related Posts
Important support line being approached by ASX 200. This price has been tested numerous time in the last 3 days
An emerging Channel Down has been detected on ASX 200 on the 30 Minutes chart. There is a…
Important price line breached by Nikkei 225. This price has been tested numerous times before.
Nikkei 225 has broken through a resistance line. Because we have seen it retrace from this price in…
Because DAX 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Rising Wedge pattern in its final wave was identified on the DAX 40 1 hour chart. After…