Either a rebound or a breakout imminent on FTSE China A50 Index
FTSE China A50 Index is moving towards a support 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 18 days and may test it again within the […]
Hong Kong 50 Index is on the approach
Hong Kong 50 Index is moving towards a line of 16228.5000 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 […]
Hong Kong 50 Index – Reversal Chart Pattern – Falling Wedge
A Falling Wedge pattern was identified on Hong Kong 50 Index at 16252.5, creating an expectation that it may move to the support line at 16094.6364. It may break through that line and continue the bearish trend or it may reverse from that line.
Possible breach of support level by Hong Kong 50 Index
Hong Kong 50 Index is moving towards a support 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 14 days and may test it again within the […]
Huge movement on FTSE China A50 Index, did you miss it?
FTSE China A50 Index has moved lower by 7.43% from 12208.43 to 11300.9 in the last 32 days.
Should we expect a breakout or a rebound on FTSE China A50 Index?
FTSE China A50 Index is heading towards the support line of a Falling Wedge. If this movement continues, the price of FTSE China A50 Index could test 11489.0372 within the next 16 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
What’s going on with Australia 200 Index?
Australia 200 Index dropped sharply for 21 hours – 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 Australia 200 Index there is a chance that we will witness a correction, no matter how brief.
FTSE China A50 Index – getting close to resistance of a Channel Down
Emerging Channel Down detected on FTSE China A50 Index – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 11785.49 and it is expected to move to 11974.4925.
Should we expect a breakout or a rebound on Hong Kong 50 Index?
Hong Kong 50 Index is trapped in a Descending Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may […]
Australia 200 Index approaching resistance of a Rising Wedge
Australia 200 Index is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of Australia 200 Index could test 7077.6759 within the next 11 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did […]