GER30 has broken through a resistance line of a Triangle and suggests a possible movement to 11940.1557 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
NAS100 – breach of a trending support line that has been tested at least twice before.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
After testing support twice in the past, FRA40 has finally broken through. Can we expect a bearish trend to follow?
FRA40 has broken through a support line of a Triangle chart pattern. If this breakout holds true, we…
Support line breached by UK100. This price has been tested at least twice before.
UK100 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true,…