Emerging Rising Wedge pattern in its final wave was identified on the FTSE 100 1 hour chart. After a strong bullish run, we find FTSE 100 heading towards the upper triangle line with a possible resistance at 8851.4273. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Related Posts
DAX 40 seems to be on its way to resistance – a possible opportunity?
The price of DAX 40 in heading back to the resistance area. It is possible that it will…
FTSE 100 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Channel Up pattern in its final wave was identified on the FTSE 100 1 hour chart. After…
Important price line being approached by DAX 40. This price has been tested numerous times before.
DAX 40 is heading towards a line of 24506.1992. If this movement continues, the price of DAX 40…