JPN225 has broken through the support line of a Descending Triangle. It has touched this line at least twice in the last 2 days. This breakout indicates a potential move to 26859.5427 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
ASX 200 experienced a 1.78% bullish move in just 4 days. The magnitude speaks for itself.
ASX 200 has moved higher by 1.78% from 8689.4 to 8844.2 in the last 4 days.
A possible move on Nikkei 225 as it heads towards resistance
Emerging Channel Down pattern in its final wave was identified on the Nikkei 225 1 hour chart. After…
DAX 40 heading towards a price it has tested 4 times in the recent past.
DAX 40 is approaching a resistance line at 23791.3008. If it hits the resistance line, it may break…