FTSE China A50 Index – support line breached
FTSE China A50 Index has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 12 days and suggests a target line to be around 15097.9002 within the next 2 days.
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