GER30 has broken through a support line of a Rising Wedge and suggests a possible movement to 13380.0406 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Related Posts
Is the DAX 40 poised for a turn-around after 8 consecutive bearish 4 hour candles?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
DAX 40 – It’s perhaps in these huge moves where the greatest opportunity lies
DAX 40 has experienced an extremely big movement in last day. It may continue the trend, but this…
Extreme movement experienced on CAC 40. Check this chart to see what to do next
CAC 40 experienced an extremely large move that lasted 17. This movement is in the 2.0 percentile and…