You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 37633.0337 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Could a large bearish move on DOW 30 be a sign of things to come?
DOW 30 has experienced an extremely big movement in last 5 hours. It may continue the trend, but…
FTSE 100 is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 12 days.
FTSE 100 is moving towards a resistance line which it has tested numerous times in the past. We…
After testing 20260.0996 numerous times, DAX 40 has finally broken through. Can we expect a bearish trend to follow?
DAX 40 has breached the support line at 20260.0996. It may continue the bearish trend towards 20148.3691, or,…