This trade setup on DOW 30 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 43452.2258.
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If you’re short Nikkei 225 you should be aware that 39834.0000 has just been breached – a level tested 4 time in the past
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Because DAX 40 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
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Nikkei 225 is approaching 38585.0000. We expect either a breakout through this line, or a rebound.
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