Emerging Channel Down pattern in its final wave was identified on the DAX 40 4 hour chart. After a strong bearish run, we find DAX 40 heading towards the upper triangle line with a possible resistance at 17897.4536. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Supported by Downward sloping Moving Average
Target: 17897.4536 Entry: 18117 Stop: 18356
ASX 225 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
FTSE 100 is about to retest a key horizontal resistance level near 8335.3496. It has tested this level 3 times in the recent past and could simply bounce off like
USDCHF is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and