Big movement expected on FTSE China A50 Index

FTSE China A50 Index has broken through a line of 17585.1895 and suggests a possible movement to 17309.0488 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 13 days.

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