AUS200 has broken through a resistance line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 7126.6001 within the next 11 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
After testing the support line numerous times, DAX 40 is once again approaching this line. Can we expect a bearish trend to follow?
DAX 40 is moving towards a support line. Because we have seen it retrace from this line before,…
FTSE 100 is approaching 8851.1904. We expect either a breakout through this line, or a rebound.
FTSE 100 is moving towards a resistance line. Because we have seen it retrace from this level in…
A Channel Up has formed, DAX 40 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
A Channel Up pattern was identified on DAX 40 at 24109.4, creating an expectation that it may move…