Australia 200 Index – Continuation Chart Pattern – Channel Down
Emerging Channel Down pattern in its final wave was identified on the Australia 200 Index 1 hour chart. After a strong bearish run, we find Australia 200 Index heading towards the upper triangle line with a possible resistance at 7822.3200. If the support shows to hold, the Channel Down pattern suggests a rebound back towards […]
Will Hong Kong 50 Index have enough momentum to break support?
A Channel Down pattern was identified on Hong Kong 50 Index at 17355.79, creating an expectation that it may move to the support line at 16981.5629. It may break through that line and continue the bearish trend or it may reverse from that line.
FTSE China A50 Index – getting close to support of a Flag
FTSE China A50 Index is approaching the support line of a Flag. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 6 hours.
Australia 200 Index – getting close to psychological price line
A strong resistance level has been identified at 8119.4502 on the 1 hour Australia 200 Index chart. Australia 200 Index is likely to test it soon.
Should we expect a bullish trend on Australia 200 Index?
Australia 200 Index has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 8141.4209 within the next 23 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Breach of important price line imminent by Hong Kong 50 Index
The price of Hong Kong 50 Index in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Australia 200 Index is on its way up
Australia 200 Index has experienced an exceptionally large movement higher by 6.23% from 7618.66 to 8093.68 in the last 26 days.
A potential bullish movement on Australia 200 Index
Australia 200 Index is moving towards a line of 8079.5298 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 Australia 200 Index continues in […]
Support line breached by Hong Kong 50 Index
This trade setup on Hong Kong 50 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 17432.1576.
Australia 200 Index trade outlook at 2024-08-27T15:00:00.000Z until 2024-08-27T15:00:00.000Z
Flag pattern identified on Australia 200 Index has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 7989.3152 in the next 2.