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 line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days and suggests a possible target level to be around 12424.5655 within the next 5 hours.
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