The breakout of UK100 through the 7597.5000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, UK100 could test 7564.8501 within the next 16 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
A final push possible on DOW 30 as it starts approaching a price line of 44701.8203.
DOW 30 is moving towards a line of 44701.8203 which it has tested numerous times in the past.…
DOW 30 through 44433.30789473684. Is this a confirming a breakout? Will it continue its path in the current trend toward 44187.7178?
DOW 30 moved through the support line of a Triangle at 44433.30789473684 on the 4 hour chart. This…
CAC 40 is quickly approaching a very important level it has previously tested numerous times in the past
CAC 40 is about to retest a key horizontal support level near 7756.0000. It has tested this level…