Australia 200 Index approaching resistance of a Channel Up
An emerging Channel Up has been detected on Australia 200 Index on the 4 hour chart. There is a possible move towards 7840.5142 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
FTSE China A50 Index short term bearish trade setup to 11787.3096
The movement of FTSE China A50 Index towards 11787.3096 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Should we expect a breakout or a rebound on FTSE China A50 Index?
A Rising Wedge pattern was identified on FTSE China A50 Index at 11907.35, creating an expectation that it may move to the resistance line at 11965.3450. It may break through that line and continue the bullish trend or it may reverse from that line.
Australia 200 Index – psychological price line breached
Australia 200 Index has breached the resistance line at 7710.9800. It may conitnue the bullish trend towards 7765.9668, or, it may prove to be yet another test of this level.
Possible breach of resistance level by Australia 200 Index
Emerging Ascending Triangle detected on Australia 200 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 7655.75 and it is expected to move to 7694.0875.
Australia 200 Index is on the approach
Australia 200 Index is heading towards 7639.0898 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to […]
Should we expect a breakout or a rebound on FTSE China A50 Index?
FTSE China A50 Index is about to retest a key horizontal support level near 11972.5898. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
A possible start of a bullish trend on Hong Kong 50 Index
The last 3 1 hour candles on Hong Kong 50 Index formed a Ascending Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 17012.4556.
Hong Kong 50 Index approaching support of a Channel Up
The movement of Hong Kong 50 Index towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply […]
Huge bullish move on FTSE China A50 Index
FTSE China A50 Index has experiened an extremely big movement in last 20 days. It may continue the trend, but this would make the move unprecidented in the recent past.