UK100 has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 7091.3223 within the next 10 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Extreme movement experienced on NAS 100. Check this chart to see what to do next
NAS 100 has experienced an extremely big movement in last 2 days. It may continue the trend, but…
DAX 40 – approaching a price line that has been previously tested numerous times in the past
DAX 40 is en route to a very important line that will be a definite deciding factor of…
FTSE 100 is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
FTSE 100 is heading towards the support line of a Descending Triangle. If this movement continues, the price…