AUS200 has broken through the support line of a Triangle. It has touched this line at least twice in the last 4 days. This breakout indicates a potential move to 7337.0207 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Nikkei 225 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Nikkei 225 was identified at around 43994.0 having recently rebounded of the support on the 4 hour data…
FTSE 100 is quickly approaching a very important level it has previously tested numerous times in the past
FTSE 100 is approaching a support line at 9120.0000. If it hits the support line, it may break…
NAS 100 – approaching a resistance line that has been previously tested at least twice in the past
Emerging Rising Wedge detected on NAS 100 – the pattern is an emerging one and has not yet…