JPN225 is heading towards the support line of a Falling Wedge and could reach this point within the next 15 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
FTSE 100 formed a Channel Up on the 30 Minutes chart. Retest of support in sight.
FTSE 100 is heading towards the support line of a Channel Up. If this movement continues, the price…
NAS 100 is quickly approaching a very important level it has previously tested numerous times in the past
NAS 100 is moving towards a line of 21228.2617 which it has tested numerous times in the past.…
ASX 200 formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.
ASX 200 is moving towards a resistance line which it has tested numerous times in the past. We…