UK100 has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 3 days. This breakout indicates a potential move to 6681.9980 within the next 8 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Nikkei 225 likely to test 37230.0000 in the near future. Where to next?
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…
A possible move on CAC 40 as it heads towards resistance
The movement of CAC 40 towards the resistance line of a Rising Wedge is yet another test of…
Extreme movement experienced on DOW 30. Check this chart to see what to do next
Those of you that are trend followers are probably eagerly watching DOW 30 to see if its latest…