After a long flag pattern, The FGBL is facing a consolidation after testing two times a resistance on the top which allowed the BCD pattern to form an ascending triangle. If the volumes are important, the increasing behavior will continue until breaking the upper resistance (in black) to reach the target (point D) which is the intersection between a recent support (joining the last bottoms) and a resistance that works well. So expect for next weeks a continuation in ascending behavior.
Chart PatternseurobundFGBLfgbl1futuresfuturestradingHarmonic PatternsTrend Analysis
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