UK100 has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we expect the price of UK100 to test 7438.0084 within the next 16 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Related Posts
FTSE 100 seems to be on its way to resistance – a possible opportunity?
FTSE 100 is heading towards a line of 8697.3496. If this movement continues, the price of FTSE 100…
Is the extremely large movement on DOW 30 a sign of things to come?
DOW 30 hits 40260.1 after a 8.95% move spanning 11 days.
Because NAS 100 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Channel Down detected on NAS 100 – the pattern is an emerging one and has not yet…