US30 has broken through a support line of a Channel Up and suggests a possible movement to 27479.3415 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Related Posts
NAS 100 keeps moving closer towards 21788.2656. Will it finally breach this level?
NAS 100 is approaching a resistance line at 21788.2656. If it hits the resistance line, it may break…
CAC 40 – approaching a support line that has been previously tested at least twice in the past
Emerging Triangle pattern in its final wave was identified on the CAC 40 4 hour chart. After a…
If DOW 30 touches 41845.8516 it may be time to take action.
DOW 30 is moving towards a line of 41845.8516 which it has tested numerous times in the past.…