The breakout of AUS200 through the 7239.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of AUS200 to test 7354.5000 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Important price line being approached by DAX 40. This price has been tested numerous times before.
DAX 40 is heading towards a line of 24506.1992. If this movement continues, the price of DAX 40…
ASX 200 is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
A Falling Wedge pattern was identified on ASX 200 at 8609.0, creating an expectation that it may move…
US 500 is approaching 6366.8701. We expect either a breakout through this line, or a rebound.
A strong support level has been identified at 6366.8701 on the 1 hour US 500 chart. US 500…