Watch out China A shares

FTSE CHINA A50 INDEX FuturesSGX

Description

⋅ Feb 20, 2023 2:01 PM

Price has tested support and rebounded on the descending triangle which was also the 200 SMA. I am expecting the price to raise from here and complete a possible right shoulder (neck at 14.3k). This could lead to a powerful breakout.
NFA.

Comments

K_Shin

⋅ Feb 24, 2023 3:46 PM

At the moment just break low, may need to wait the market rebound and remain above 14300 to confirm the buy signal ?

RF_Trading

⋅ Feb 27, 2023 1:59 PM

@K_Shin, H&S seems to be invalidated but we can bounce from here if we find support (see my new analysis).