fredpui

Just an analysis - China A50

Short
FOREXCOM:CHN50   China A50 CFD
China index has stalled and gone backwards since mid Feb 2021, when the US indices are making all time highs until mid May.

Doing a time count analysis, CN50 has gone down 56 calendar days and 42 up (42 is 3/4 of 56).

It could potentially be doing a ABC correction and with C and end up at 14434 which is the 2019 top.
Comment: looks like market is poised to do go down