UK100 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 16 hours.
Related Posts
DAX 40 keeps moving closer towards 23544.0000. Will it finally breach this level?
DAX 40 is moving towards a line of 23544.0000 which it has tested numerous times in the past.…
A Descending Triangle has formed, DAX 40 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
DAX 40 is moving towards a support line which it has tested numerous times in the past. We…
US 500 formed a Channel Up on the 1 hour chart. Retest of support in sight.
US 500 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a…