US30 is heading towards the support line of a Channel Down. If this movement continues, we expect the price of US30 to test 25320.0000 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Related Posts
ASX 200 formed a Triangle on the 4 hour chart. Retest of support in sight.
ASX 200 is moving towards a support line which it has tested numerous times in the past. We…
Because FTSE 100 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
FTSE 100 is moving towards a resistance line which it has tested numerous times in the past. We…
It’s time to make a decision on DOW 30 – its recent breach of 43734.2383 could be a sign of a new trend to follow.
The price of DOW 30 in heading in the direction of 43426.1719. Despite the recent breakout through 43734.2383…