Should we expect a breakout or a rebound on Australia 200 Index?
Australia 200 Index is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]
Australia 200 Index – Continuation Chart Pattern – Triangle
Australia 200 Index is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Australia 200 Index continues in its current trajectory, […]
Hong Kong 50 Index is on the approach
Hong Kong 50 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 22 days and may test it again […]
Australia 200 Index – Continuation Chart Pattern – Channel Up
An emerging Channel Up has been detected on Australia 200 Index on the 1 hour chart. There is a possible move towards 7740.4491 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Either a rebound or a breakout imminent on Hong Kong 50 Index
Hong Kong 50 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 6 days and may test it again […]
FTSE China A50 Index – psychological price line breached
FTSE China A50 Index has breached the resistance line at 12186.6904. It may continue the bullish trend towards 12252.0342, or, it may prove to be yet another test of this level.
FTSE China A50 Index has broken through support
This trade setup on FTSE China A50 Index is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 12132.8958.
Support breakout on Australia 200 Index
Australia 200 Index has breached the support line at 7659.3398. It may continue the bearish trend towards 7549.9678, or, it may prove to be yet another test of this level.
FTSE China A50 Index is on the approach
FTSE China A50 Index is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 12241.2002, unless it runs out of momentum and pulls back to current levels.
Will Hong Kong 50 Index bounce after a massive rise?
Hong Kong 50 Index rose sharply for 4 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in Hong Kong 50 Index there is a chance that we will witness a correction, no matter how […]