FRA40 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to be around 6720.9733 within the next 9 hours.
Related Posts
DOW 30 consistently settling in one direction. Will it continue?
Trend followers are probably eagerly watching DOW 30 to see if its latest 7 consecutive candles continues. If…
FTSE 100 formed a Channel Up on the 30 Minutes chart. Retest of support in sight.
FTSE 100 is heading towards the support line of a Channel Up. If this movement continues, the price…
NAS 100 is quickly approaching a very important level it has previously tested numerous times in the past
NAS 100 is moving towards a line of 21228.2617 which it has tested numerous times in the past.…