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 7964.2847 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
After testing 8798.8496 numerous times, FTSE 100 has finally broken through. Can we expect a bullish trend to follow?
FTSE 100 has breached the resistance line at 8798.8496. It may continue the bullish trend towards 8867.8564, or,…
DOW 30 breakout from a Channel Up trade setup. Will it continue this trend to hit the target price?
DOW 30 has broken through the support line of a Channel Up technical chart pattern. Because we have…
Nikkei 225 has broken through a level it has tested 3 times in the recent past.
The price of Nikkei 225 in heading in the direction of 37957.6992. Despite the recent breakout through 37781.0000…