Breach of resistance line imminent by FTSE China A50 Index
FTSE China A50 Index is moving towards the resistance line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FTSE China A50 Index continues in its current trajectory, we can expect it to reach 17783.8200 within the next 2 days.
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