AUS200 has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 6685.2762 can be expected within the next 2 days.
Related Posts
Because DOW 30 formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower
DOW 30 is approaching the support line of a Falling Wedge. It has touched this line numerous times…
A final push possible on US 500 as it starts approaching a price line of 6345.0200.
US 500 is heading towards a line of 6345.0200. If this movement continues, the price of US 500…
Support line breached by NAS 100. This price has been tested at least twice before.
NAS 100 has broken through a support line. It has touched this line at least twice in the…