Rising Wedge pattern identified on FTSE 100 has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 8082.5134 in the next 9.
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CAC 40 seems to be on its way to resistance – a possible opportunity?
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FTSE 100 moves higher to 8830.28 in the last 65 days.
FTSE 100 hits 8830.28 after a 15.02% move spanning 65 days.
Because CAC 40 formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Triangle. It has touched this line numerous times in…