China A50, Hitting 5 Months Resistance.
China A 50 have not move out from the 800 points range since July. Recent rally again found toppish on resistance zone priced between 11500 to 12000.
Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low.
The down swing projection as followed:
If price trade above 11420, target 11195.
If price trade above 11195, target 10832 (major supoort)
Price may correction after reaching any of the above target.
Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low.
The down swing projection as followed:
If price trade above 11420, target 11195.
If price trade above 11195, target 10832 (major supoort)
Price may correction after reaching any of the above target.
Trade closed: target reached:
Price reached first target 11195, price is approaching 5 months range low 10800.
The down swing projection as followed:
If price trade "below" 11420, target 11195.
If price trade "below" 11195, target 10832 (major support)
Price may correction after reaching any of the above target.