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The last 26 4 hour candles on FTSE China A50 Index formed a Ascending Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 12261.0186.

Hong Kong 50 Index has broken through a line of 16487.0195. If this breakout holds true, we could see the price of Hong Kong 50 Index heading towards 16638.7637 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably […]

Australia 200 Index is heading towards the support line of a Channel Up 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]

Emerging Channel Down detected on FTSE China A50 Index – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 11849.22 and it is expected to move to 11812.1789.

FTSE China A50 Index has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 14 days and suggests a possible target level to be around 11803.9063 within […]

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.

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 […]

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 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.

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.