GER30 has broken through the support line of a Triangle. It has touched this line at least twice in the last 7 days. This breakout may indicate a potential move to 15425.2554 within the next 12 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
A Rising Wedge has formed, CAC 40 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
CAC 40 is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a…
A possible move on ASX 200 as it heads towards support
ASX 200 is moving towards a support line. Because we have seen it retrace from this line before,…
After experiencing a 19.08% bullish move in the space of 25 days, nobody knows where NAS 100 is headed.
NAS 100 rose sharply for 24 days – which is an excessively big movement for this instrument; exceeding…