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After testing the resistance line numerous times, GER30 is once again approaching this line. Can we expect a bullish trend to follow?

The movement of GER30 towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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A quick move expected on E-mini S&P 500 SEPTEMBER 2019 as it starts approaching a resistance line of a Channel Down

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