UK100 is heading towards a price line of 7152.5000 and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
ASX 200 seems to be on its way to support – a possible opportunity?
ASX 200 is heading towards 8482.9004 and could reach this point within the next 2 days. It has…
A Rising Wedge has formed, Nikkei 225 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Rising Wedge detected on Nikkei 225 – the pattern is an emerging one and has not yet…
Will DAX 40 break through the resistance level it tested before?
A strong resistance level has been identified at 23825.8008 on the 30 Minutes DAX 40 chart. DAX 40…