Nikkei 225 is trapped in a Descending Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 36762.8571 is expected in the short term.
ARTÍCULOS RELACIONADOS
It’s time to make a decision on DAX 40 – its recent breach of 23384.3008 could be a sign of a new trend to follow.
DAX 40 has broken through a resistance line. It has touched this line numerous times in the last…
Extreme movement experienced on Nikkei 225. Check this chart to see what to do next
Nikkei 225 has moved higher by 19.23% from 30985.0 to 36943.0 in the last 32 days.
DAX 40 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
Emerging Channel Down pattern in its final wave was identified on the DAX 40 30 Minutes chart. After…