FTSE China A50 Index has broken through support

FTSE China A50 Index has broken through the support line of a Head and Shoulders. It has touched this line at least twice in the last 6 days. This breakout indicates a potential move to 17982.5784 within the next 18 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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