UK100 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 12 days and suggests a target line to be around 6196.7014 within the next 2 days.
Related Posts
DOW 30 – approaching a price line that has been previously tested numerous times in the past
DOW 30 is moving towards a resistance line. Because we have seen it retrace from this level in…
CAC 40 is quickly approaching a very important level it has previously tested numerous times in the past
The movement of CAC 40 towards 7798.7002 price line is yet another test of the line it reached…
Nikkei 225 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 2 days.
Rising Wedge pattern identified on Nikkei 225 has broken through a support level with the price momentum continuing…