W&W Wealth Management

Something big is close to happening on China's Shanghai Composite Index.

martinwo
Publish date: Tue, 22 Nov 2011, 05:50 PM

Something big is close to happening on China's Shanghai Composite Index.
Take a look at today's Shanghai chart and you will see that there is a huge triangular pattern going back to 2005.

The support and resistance lines both have 3 touch points and the triangular pattern is VERY close to its apex. The apex is the convergence point of its support and resistance lines, and that is where a triangular breakout will occur.

This pattern is huge due to its time duration in forming, and the rule is … the longer the time period in a pattern, the bigger the breakout that occurs.
This pattern is so large, that its breakout should affect other international indexes, and the Shanghai's proximity to the apex is suggesting that an important event is very close at hand.

www.STOCKTIMING.com

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment