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World Stock Markets Are Turning Over

Published 10/23/2018, 01:43 AM
Updated 07/09/2023, 06:31 AM

DAX

The German DAX has completed a H&S top with a down slanted neckline on the weekly chart. H&S tops with down slanted necklines are generally more reliable and powerful than H&S tops with an up slanted neckline.

DAX

Nifty 50/INDA

The Nifty 50 has broken its dominant trendline. INDA has completed 15-month H&S top. Factor is short INDA.

Nifty-INDA

INDA

SGX China A50

The dominant chart construction is a possible 15-week rectangle on the daily SGX China A50 chart. I am willing to take a shot at the short side if this pattern is completed.

SGX China A50

Taiwan Index

The weekly chart is a textbook example of a complex H&S top pattern. Factor is flat – I count this as a missed trade.

Taiwan Index

Latest comments

H & S top means. Head and Shoulders pattern in candle stick chart. It means the trend is going to reverse. BULLISH.
sir brilliant analysis
Sir plz give more transparent view on NIFTY 50........ Is the down side over or continue further ?
H&S pattern means Bearish to Bullish reversal.
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