STOXX50 – Chart Pattern – Rising Wedge

STOXX50 has broken through the support line of a Rising Wedge pattern and suggests a possible move to 5689.0862 within the next 15 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back to levels seen over the last 7 days.

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