GER30 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 13489.9079 can be expected within the next 2 days.
Related Posts
NAS 100 formed a Flag on the 4 hour chart. Retest of support in sight.
NAS 100 is heading towards the support line of a Flag and could reach this point within the…
US 500 likely to test 6308.3198 in the near future. Where to next?
US 500 is en route to a very important line that will be a definite deciding factor of…
CAC 40 formed a Channel Up on the 1 hour chart. Retest of support in sight.
The movement of CAC 40 towards the support line of a Channel Up is yet another test of…