AUS200 has broken through a resistance line of a Falling Wedge and suggests a possible movement to 7712.0854 within the next 23 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Related Posts
Important resistance line being approached by NAS 100. This price has been tested numerous time in the last 2 days
NAS 100 is approaching the resistance line of a Channel Up. It has touched this line numerous times…
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…