US30 has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 5 days. This breakout indicates a potential move to 27691.8883 within the next 15 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
NAS 100 – approaching a resistance line that has been previously tested at least twice in the past
Emerging Rising Wedge detected on NAS 100 – the pattern is an emerging one and has not yet…
DOW 30 heading towards a price it has tested 3 times in the recent past.
DOW 30 is heading towards a line of 45773.9102. If this movement continues, the price of DOW 30…
NAS 100 – approaching a resistance line that has been previously tested at least twice in the past
Emerging Rising Wedge pattern in its final wave was identified on the NAS 100 1 hour chart. After…