Emerging Rising Wedge pattern in its final wave was identified on the FTSE 100 1 hour chart. After a strong bullish run, we find FTSE 100 heading towards the upper triangle line with a possible resistance at 8851.4273. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
ARTÍCULOS RELACIONADOS
Breach of 8696.5000 could mean a start of a bearish trend on ASX 200
ASX 200 has broken through a support line. Because we have seen it retrace from this price in…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is heading towards the support line of a Channel Up. If this movement continues, the price…
DAX 40 seems to be on its way to resistance – a possible opportunity?
The price of DAX 40 in heading back to the resistance area. It is possible that it will…