NAS100 has broken through the support line of a Double Top. It has touched this line at least twice in the last 22 hours. This breakout indicates a potential move to 15024.8306 within the next 7 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 seems to be on its way to support – a possible opportunity?
Nikkei 225 is moving towards a key support level at 43309.0000. This is a previously tested level for…
Will Nikkei 225 break through the resistance level it tested before?
Nikkei 225 is heading towards a line of 43494.0000. If this movement continues, the price of Nikkei 225…
NAS 100 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Channel Up pattern in its final wave was identified on the NAS 100 4 hour chart. After…