Expecting Pullback towards 12,800
Over the weekend, China PBOC announced
"More Powerful"policies to help spur growth in China. However, despite the positive news, China A50 turned lower.
Currently, the index is trading at a key resistance level. Confluence of Downtrend line resistance and HVN area.
Thus, we expect price to retest 12,800 which is also Fibo 38.2% level.
13,700 will remains as our pivot. If index breaks above this key level, we will see the index retesting it previous high at 14,700
"More Powerful"policies to help spur growth in China. However, despite the positive news, China A50 turned lower.
Currently, the index is trading at a key resistance level. Confluence of Downtrend line resistance and HVN area.
Thus, we expect price to retest 12,800 which is also Fibo 38.2% level.
13,700 will remains as our pivot. If index breaks above this key level, we will see the index retesting it previous high at 14,700
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.