You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 7358.6808 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
After testing 44227.1914 numerous times, DOW 30 is once again approaching this price point. Can we expect a bearish trend to follow?
The movement of DOW 30 towards 44227.1914 price line is yet another test of the line it reached…
Nikkei 225 formed a Channel Down on the 4 hour chart. Retest of support in sight.
An emerging Channel Down has been detected on Nikkei 225 on the 4 hour chart. There is a…
US 500 is approaching 6277.8501. We expect either a breakout through this line, or a rebound.
US 500 is en route to a very important line that will be a definite deciding factor of…