This trade steup on AUS200 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 6951.3167.
Related Posts
Nikkei 225 is approaching 38585.0000. We expect either a breakout through this line, or a rebound.
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…
There is a possibility of a big movement on Nikkei 225 after a breach of the support
Nikkei 225 moved through the support line of a Channel Up at 39983.92307692308 on the 1 hour chart.…
Nikkei 225 – breach of price line that’s been previously tested numerous times before
The price of Nikkei 225 in heading in the direction of 40060.0000. Despite the recent breakout through 40280.0000…