Emerging Channel Up pattern in its final wave was identified on the ASX 225 4 hour chart. After a strong bullish run, we find ASX 225 heading towards the upper triangle line with a possible resistance at 7940.9667. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Supported by Upward sloping Moving Average
Target: 7940.9667 Entry: 7872.2 Stop: 7790
The movement of DAX 40 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test
NZDUSD has breached the support line at 0.6037. It may continue the bearish trend towards 0.6006, or, it may prove to be yet another test of this level. Supported by
The movement of DOW 30 towards 38882.7813 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen