DAX 40 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 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 Upward sloping Moving Average
Target: 23899.8651 Entry: 23701.3 Stop: 23503
Nikkei 225 is approaching the support line of a Channel Down. It has touched this line numerous times in the last 9 days. If it tests this line again, it
ASX 225 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage
ASX 225 is heading towards the support line of a Channel Up. If this movement continues, the price of ASX 225 could test 7888.3636 within the next 3 days. It