- China A50 Index broke resistance level 15000.00
- Likely to rise to resistance level 15720.00
China A50 Index recently broke the resistance zone between the round resistance level 15000.00 and the resistance level 15115.00 (which stopped wave (1) in March).
The breakout of these resistance levels accelerated the active intermediate impulse wave (3).
Given the strong daily uptrend, China A50 Index can be expected to rise toward the next resistance level 15720.00, former monthly high from October and January and the target for the completion of wave (3).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.