AUS200 has broken through a resistance line. It has touched this line at least twice in the last 7 days. This breakout may indicate a potential move to 7706.2747 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Because NAS 100 formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
NAS 100 is heading towards the resistance line of a Channel Up and could reach this point within…
FTSE 100 hits 8507.9 after a 5.53% move spanning 33 days
FTSE 100 hits 8507.9 after a 5.53% move spanning 33 days.
Because FTSE 100 formed a Pennant pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Pennant detected on FTSE 100 – the pattern is an emerging one and has not yet broken…