The last 16 4 hour candles on UK100 formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 8361.9568.
Breach of support could mean a start of a bearish trend on UK100
Related Posts
NAS 100 is quickly approaching a very important level it has previously tested numerous times in the past
NAS 100 is moving towards a line of 21228.2617 which it has tested numerous times in the past.…
ASX 200 formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.
ASX 200 is moving towards a resistance line which it has tested numerous times in the past. We…
FTSE 100 – It’s perhaps in these huge moves where the greatest opportunity lies
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…