CN50 is showing sign of bullshneswhile in the correction phase , a bullish harami candle is formed which is a sign of upside movement.
take entry on breaking the high of red candle
Key data points
China A50 - Breaks and moving towards targetPrice as expected breaks from the pattern and moving towards the target very strong.
Pattern target is matching with Fibonacci target as well.
People trading Chinese market would have went Long at the time of breakout from the pattern.
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Price will reach ATH if breaks resistanceAfter almost 2500 points rally price consolidating for the last three months and reached the resistance levels, if breaks this level then it will make new high. Interestingly price is making W pattern and it is almost going to complete the pattern by touching the ATH levels.
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Displays a symbol's price movements over previous years to identify recurring trends.