AUS200 has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 7277.6857 within the next 7 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
US 500 has broken through resistance of a Triangle. It has touched this line at least twice in the last 6 days.
US 500 has broken through a resistance line of a Triangle chart pattern. If this breakout holds true,…
DAX 40 – approaching a price line that has been previously tested numerous times in the past
DAX 40 is heading towards 23613.5000 and could reach this point within the next 20 hours. It has…
FTSE 100 is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 9 days.
Emerging Rising Wedge pattern in its final wave was identified on the FTSE 100 1 hour chart. After…