JPN225 has broken through the support line of a Triangle 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 13 days and suggests a possible target level to be around 31497.1472 within the next 3 days.
Related Posts
Is the extremely large movement on US 500 a sign of things to come?
US 500 experienced an extremely large move that lasted 10. This movement is in the 97.0 percentile and…
A Triangle has formed, ASX 200 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
A Triangle pattern was identified on ASX 200 at 7720.0, creating an expectation that it may move to…
A final push possible on ASX 200 as it starts approaching a price line of 7789.7002.
ASX 200 is heading towards a line of 7789.7002. If this movement continues, the price of ASX 200…