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mudguts222jb

CHINA: LONG-TERM SUPPORT BECOMES RESISTANCE

Short
Xtrackers Harvest CSI 300 China A-Shares ETF (BATS:ASHR)  
mudguts222jb  
BATS:ASHR   Xtrackers Harvest CSI 300 China A-Shares ETF
Trend Analysis Chart Patterns
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trendanalysis chartpattern
A Long-term Symmetrical Triangle has influenced Chinese stock prices for decades. Breakouts have shown predictable price moves. We are now seeing the first Breakdown.
- 10-Year Support became Resistance earlier this year.
- A lower, parallel, 5-Year Support has broken down and looks to become Resistance as well.
If this downtrend continues, new all-time lows are probable.
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