ASX 225 has broken through a line of 8558.5996 and suggests a possible movement to 8632.3799 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 16 days.
Supported by Upward sloping Moving Average
Target: 8632.3799 Entry: 8579.4 Stop: 8527.619
The last 12 1 hour candles on Nikkei 225 formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level
The price of DAX 40 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction.
Approaching Support level of 61.40 identified at 11/24 20:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 61.40 within the next 20