Should we expect a bearish trend on FTSE China A50 Index?

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 29 days and suggests a possible target level to be around 11738.4082 within the next 3 days.

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