Monday 18 April 2011

FTSE Xinhua China Breakout trade?

I am seeing a potential Ascending triangle pattern forming here in the FTSE Xinhua China Futures. A break above 10,200 should be the bullish trigger. This is in line with the big picture bullish scenario I have been following for a while. Monitor this area closely:

FTSE Xinhua China April 15mins:


FTSE Xinhua China April 60mins:
This triangle and consolidation pattern is forming above previous resistance. Consolidation at the top end of the range is bullish