DJXXF - Kibar: Exciting Chart Patterns Developing In Global Equity Markets
Breaking horizontal resistance, especially when combined with ascending triangles or head-and-shoulder patterns, is a reliable signal for identifying when a breakout is taking place, Tech Charts Research & Education Services founder Aksel Kibar told Real Vision’s Technical Trader.
Euro Stoxx 600 Index is very close to a significant breakout from a two-decade long consolidation. If that takes place, it's going to be very positive for the European equities, he said.
Additionally, the weekly scale price chart of Denmark OMX 20 Index is showing clearly that after several tests of the horizontal boundary, the breakout is