GER30 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 12624.5592 can be expected within the next 5 hours.
Related Posts
Could a large bearish move on DAX 40 be a sign of things to come?
Those of you that are trend followers are probably eagerly watching DAX 40 to see if its latest…
Big movement possible on NAS 100 after a breach of 17499.0957
NAS 100 is once again retesting a key horizontal support level at 17499.0957. It has tested this level…
DAX 40 has broken through resistance of a Triangle. It has touched this line at least twice in the last 4 days.
Triangle pattern identified on DAX 40 has broken through a resistance level with the price momentum continuing to…