JPN225 has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 21 hours. This breakout indicates a potential move to 24227.5263 within the next 5 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
Nikkei 225 likely to test 31080.0000 in the near future. Where to next?
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…
Resistance line breached by FTSE 100. This price has been tested at least twice before.
FTSE 100 has broken through a resistance line. It has touched this line at least twice in the…
Could a large bearish move on CAC 40 be a sign of things to come?
CAC 40 hits 6884.0 after a 15.93% move spanning 22 days.