GER30 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of GER30 to test 12523.2214 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
DAX 40 – approaching a price line that has been previously tested numerous times in the past
DAX 40 is moving towards a key support level at 23930.6992. DAX 40 has previously tested this level…
A Channel Up has formed, FTSE 100 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
FTSE 100 was identified at around 8777.07 having recently rebounded of the support on the 4 hour data…
If NAS 100 touches 21531.2891 it may be time to take action.
NAS 100 is moving towards a resistance line. Because we have seen it retrace from this level in…