AUS200 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 7813.1998 within the next 2 days.
Related Posts
US30 has broken through a resistance line. It has touched this line numerous times in the last 12 days.
A strong resistance level has been breached at 39092.0000 on the 1 hour US30 chart. Technical Analysis theory…
NAS100 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 4 days.
NAS100 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true,…
UK100 – breach of price line that’s been previously tested numerous times before
The price of UK100 in heading in the direction of 8234.7998. Despite the recent breakout through 8183.0000 it…