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.
Related Posts
A possible move on Nikkei 225 as it heads towards support
Nikkei 225 was identified at around 35685.0 having recently rebounded of the resistance on the 4 hour data…
Will FTSE 100 break through the resistance level it tested before?
FTSE 100 is heading towards 8453.7998 and could reach this point within the next 6 hours. It has…
Could a large bullish move on CAC 40 be a sign of things to come?
CAC 40 has experienced an extremely big movement in last 22 days. It may continue the trend, but…