UK100 has broken through the support line of a Channel Up. It has touched this line at least twice in the last 7 days. This breakout indicates a potential move to 6077.2411 within the next 9 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
DAX 40 – approaching a price line that has been previously tested numerous times in the past
DAX 40 is moving towards a key support level at 23930.6992. DAX 40 has previously tested this level…
A Channel Up has formed, FTSE 100 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
FTSE 100 was identified at around 8777.07 having recently rebounded of the support on the 4 hour data…
If NAS 100 touches 21531.2891 it may be time to take action.
NAS 100 is moving towards a resistance line. Because we have seen it retrace from this level in…