This trade steup on JPN225 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 34994.8440.
Related Posts
ASX 200 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
A Channel Up pattern was identified on ASX 200 at 8381.3, creating an expectation that it may move…
DOW 30 – It’s perhaps in these huge moves where the greatest opportunity lies
An unexpected large move has occurred on DOW 30 1 hour chart beginning at 43346.73 and ending at…
After trying numerous times in the past, DOW 30 finally breaks 43334.1797!
DOW 30 has breached the support line at 43334.1797. It may continue the bearish trend towards 43176.8516, or,…