Nikkei 225 has broken through a support line of a Rising Wedge and suggests a possible movement to 38632.9552 within the next 3 days. 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 back to lines seen in the last 15 days.
Supported by Downward sloping Moving Average
Target: 38632.9552 Entry: 39283.6667 Stop: 40277
Nikkei 225 is once again retesting a key horizontal resistance level at 38274.0000. It has tested this level 3 times in the recent past and could simply bounce off like
DAX 40 has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait
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