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Short Movement Expected on FTSE China A50

Corto
China A50 (OANDA:CN50USD)  
ThinkingAntsOk  
OANDA:CN50USD   China A50
Trend Analysis Support and Resistance Multiple Time Frame Analysis china a50 SP tradewar USD dollar index
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trendanalysis supportandresistance mtfa china a50 sp tradewar usd dollar index
4H CHART EXPLANATION:

The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.

DAILY CHART:

snapshot

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