Skip to content You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 22073.9361 but consider reducing the size of your position as the price gets closer to that target.
S&P500 has broken through a support line. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 5494.8921 within the next 17 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
The price of EURUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
The price of LTCUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 22 hours and may test it again within the next 5 hours.
NAS100 has broken through a support line of a Rising Wedge and suggests a possible movement to 19089.9198 within the next 14 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
A Rising Wedge pattern was identified on BTCUSD at 85432.83, creating an expectation that it may move to the resistance line at 86774.0588. It may break through that line and continue the bullish trend or it may reverse from that line.
A Channel Down pattern was identified on NGC/USD at 3.9255, creating an expectation that it may move to the resistance line at 3.9792. It may break through that line and continue the bullish trend or it may reverse from that line.
