DAX 40 is heading towards the support line of a Channel Up and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Downward sloping Moving Average
Target: 21383.2806 Entry: 21596.3 Stop: 21770.6
FTSE 100 is heading towards the support line of a Head and Shoulders. If this movement continues, the price of FTSE 100 could test 8926.9949 within the next 10 hours.
Approaching Support level of 46.81 identified at 10/30 05:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 46.81 within the next 12
Gartley Fibonacci pattern identified at 12/5 18:30. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 492.43 to 458.02 within the