GER30 is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. 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
DAX 40 hits 23172.8 after a 16.15% move spanning 27 days
DAX 40 has moved higher by 16.15% from 19951.4 to 23172.8 in the last 27 days.
A Channel Up has formed, Nikkei 225 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
The movement of Nikkei 225 towards the resistance line of a Channel Up is yet another test of…
CAC 40 moves higher to 7585.9 in the last 24 days.
A movement of 8.8% over 24 days on CAC 40 doesn’t go unnoticed. You may start considering where…