Will Hong Kong 50 Index have enough momentum to break support?
An emerging Falling Wedge has been detected on Hong Kong 50 Index on the 4 hour chart. There is a possible move towards 17694.4094 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Australia 200 Index – getting close to resistance of a Channel Up
Australia 200 Index was identified at around 7776.44 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 7909.2667 […]
Should we expect a breakout or a rebound on FTSE China A50 Index?
FTSE China A50 Index was identified at around 12192.73 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the […]
Rare opportunity on FTSE China A50 Index – extreme bearish movement
FTSE China A50 Index hits 12210.88 after a 1.54% move spanning 12 hours.
Where is Hong Kong 50 Index moving to?
Trend followers are probably eagerly watching Hong Kong 50 Index to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 20 hours move.
Will Australia 200 Index have enough momentum to break resistance?
A Rising Wedge pattern was identified on Australia 200 Index at 7835.23, creating an expectation that it may move to the resistance line at 7871.8902. It may break through that line and continue the bullish trend or it may reverse from that line.
FTSE China A50 Index short term bullish trade setup to 12710.8799
FTSE China A50 Index is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 20 days and may test it again […]
A final push possible on Hong Kong 50 Index
Hong Kong 50 Index is moving towards a line of 18589.5508 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Hong Kong 50 Index […]
Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next […]
Breach of important price line imminent by FTSE China A50 Index
FTSE China A50 Index is heading towards a line of 12538.6602. If this movement continues, the price of FTSE China A50 Index could test 12538.6602 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end […]