World Stock Markets Are Turning Over
Peter Brandt | Oct 23, 2018 01:43AM ET
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.
The Nifty 50 has broken its dominant trendline. INDA has completed 15-month H&S top. Factor is short INDA.
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.
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.
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