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FRA40 – approaching a price line that has been previously tested numerous times in the past

FRA40 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 8 days and may test it again within the next 17 hours.

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After testing support twice in the past, E-mini S&P 500 MARCH 2020 has finally broken through. Can we expect a bearish trend to follow?

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3m Co. has broken through the support line of a Support. It has touched this line numerous times in the last 20 days.

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