You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 8005.2564 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Nikkei 225 is approaching 39791.0000. We expect either a breakout through this line, or a rebound.
Nikkei 225 is moving towards a key resistance level at 39791.0000. This is a previously tested level for…
Important price line breached by CAC 40. This price has been tested numerous times before.
CAC 40 has broken through a line of 7219.0000. If this breakout holds true, we could see the…
US 500 moves lower to 5823.56 in the last 14 hours.
US 500 hits 5823.56 after a 1.45% move spanning 14 hours.