UK100 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 5880.6974 can be expected within the next 6 days.
Related Posts
If you’re short Nikkei 225 you should be aware that 39834.0000 has just been breached – a level tested 4 time in the past
Nikkei 225 has broken through a line of 39834.0000 and suggests a possible movement to 40289.0000 within the…
Because DAX 40 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
DAX 40 is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…
Nikkei 225 is approaching 38585.0000. We expect either a breakout through this line, or a rebound.
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…