SSE 50 Index (SSE50) Outperforms All equity indices, Up 0.93%; in an Uptrend Over Past 30 Days
This is a reversal of the price action on the previous hour, in which price moved down.
Below is CFDTrading archive of daily coverage for the SGX FTSE China A50.
This is a reversal of the price action on the previous hour, in which price moved down.
This move is a reversal from the hour prior, which saw price move up.
Relative to other instruments in the equity indices asset class, sse 50 index ranked 2nd since the previous day in terms of percentage price change.
Of note is that the 20 hour changed directions on sse50; it is now pointing down.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
It’s been a feast for bulls operating on an hourly timeframe, as sgx ftse china a50 has now gone up 4 of the past 5 hours.
Given that we see an uptrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.