GER30 is heading towards the resistance line of a Channel Up and could reach this point within the next 18 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 levels.
Related Posts
Bulls aim for 7745.4251 after the CAC 40 triggered a bearish formation on the 4 hour chart
CAC 40 has broken through the support line which it has tested twice in the past. We have…
After experiencing a 11.37% bullish move in the space of 31 days, nobody knows where DOW 30 is headed.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
DOW 30 consistently settling in one direction. Will it continue?
Trend followers are probably eagerly watching DOW 30 to see if its latest 7 consecutive candles continues. If…