UK100 is moving towards the resistance line of a Rising Wedge 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 7349.0000 within the next 2 days.
Related Posts
CAC 40 formed a Channel Up on the 1 hour chart. Retest of support in sight.
The movement of CAC 40 towards the support line of a Channel Up is yet another test of…
CAC 40 is approaching 7800.5000. We expect either a breakout through this line, or a rebound.
CAC 40 is moving towards a resistance line. Because we have seen it retrace from this level in…
ASX 200 experienced 4 consecutive daily bullish candles to reach a price of 8807.7000
ASX 200 has experienced an unusual quantity of bullish candles on the Daily timeframe. This is in the…