UK100 has broken through a support line of a Rising Wedge and suggests a possible movement to 6930.0055 within the next 17 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 3 days.
Related Posts
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is heading towards the support line of a Channel Up. If this movement continues, the price…
DAX 40 seems to be on its way to resistance – a possible opportunity?
The price of DAX 40 in heading back to the resistance area. It is possible that it will…
FTSE 100 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Channel Up pattern in its final wave was identified on the FTSE 100 1 hour chart. After…