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Uncharted-FX

China 50 Head and Shoulders?

Singkat
China A50 CFD (FOREXCOM:CHINA50)  
Uncharted-FX  
FOREXCOM:CHINA50   China A50 CFD
Support and Resistance Head and Shoulders china chinastocks china50 Stocks stocktrading stocksignals stockmarketanalysis
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supportandresistance headandshoulders china chinastocks china50 stocks stocktrading stocksignals stockmarketanalysis
Seeing some weakness here on the China 50, as the buyers bid to make a new higher low has yet to succeed. If we break this 13800 zone, it will be a break of a flip/support zone. Indicating there is no strength with this break out. Be patient and await for the candle close.

Here is how it looks like on the 2 hour chart:

snapshot

The head and shoulders is very clear. Still would await for a nice and strong close below this zone.
13500-600 is where I would see another flip zone acting as support.
Penafian

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