The price of FTSE 100 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
After testing the support line numerous times, Nikkei 225 is once again approaching this line. Can we expect a bearish trend to follow?
A Falling Wedge pattern was identified on Nikkei 225 at 38286.0, creating an expectation that it may move…
A possible move on ASX 200 as it heads towards resistance
Emerging Channel Down pattern in its final wave was identified on the ASX 200 1 hour chart. After…
NAS 100 is currently testing a level of 21905.2754. Will the breakout continue or will things reverse?
NAS 100 has broken through a line of 21905.2754 and suggests a possible movement to 22110.2285 within the…