FTSE 100 is heading towards the support line of a Falling Wedge and could reach this point within the next 5 hours. 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: 8797.0111 Entry: 8833.72 Stop: 8854.69
Nikkei 225 is moving towards a key resistance level at 38220.0000. Nikkei 225 has previously tested this level 3 times and on each occasion it has bounced back off this
Nikkei 225 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage
DAX 40 is heading towards 24342.9004 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could