JPN225 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 9 days and suggests a target line to be around 23953.9591 within the next 3 days.
Related Posts
Nikkei 225 is approaching 39185.0000. We expect either a breakout through this line, or a rebound.
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…
Because CAC 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
Important resistance line being approached by US 500. This price has been tested numerous time in the last 14 days
An emerging Triangle has been detected on US 500 on the 1 hour chart. There is a possible…