UK100 has broken through a support line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 7578.9901 within the next 17 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
NAS 100 – approaching a resistance line that has been previously tested at least twice in the past
Emerging Rising Wedge pattern in its final wave was identified on the NAS 100 1 hour chart. After…
Nikkei 225 seems to be on its way to support – a possible opportunity?
The price of Nikkei 225 in heading back to the support area. It is possible that it will…
US 500 is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
The movement of US 500 towards the support line of a Channel Up is yet another test of…