UK100 has broken through the resistance line of a Resistance. 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 numerous times in the last 20 days and suggests a target line to be around 7084.7002 within the next 3 days.
Related Posts
Could a large bullish move on CAC 40 be a sign of things to come?
CAC 40 has experienced an extremely big movement in last 22 days. It may continue the trend, but…
A Rising Wedge has formed, US 500 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
The movement of US 500 towards the resistance line of a Rising Wedge is yet another test of…
After trying numerous times in the past, NAS 100 finally breaks 19225.2773!
A strong resistance level has been breached at 19225.2773 on the 4 hour NAS 100 chart. Technical Analysis…