UK100 is moving towards the resistance line of a Ascending Triangle which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If UK100 continues in its current trajectory, we can expect it to reach 7357.0000 within the next 3 days.
Related Posts
If ASX 200 touches 8499.9004 it may be time to take action.
ASX 200 is heading towards 8499.9004 and could reach this point within the next 12 hours. It has…
After testing the support line numerous times, Nikkei 225 is once again approaching this line. Can we expect a bearish trend to follow?
A Falling Wedge pattern was identified on Nikkei 225 at 38286.0, creating an expectation that it may move…
A possible move on ASX 200 as it heads towards resistance
Emerging Channel Down pattern in its final wave was identified on the ASX 200 1 hour chart. After…