[Bullish Trend]
A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.
[Bearish Trend]
A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.
U.S DOW JONES INDUSTRIAL AVERAGE
Recent price correction breaks down below its red ema. Price consolidating below this red ema for a week. A break out from this level 25,954 will spark a Bullish Trend on the DJIA. Failure to do so which leads to a reversal from here on wards will bring the market to multi months low.
CHINA FTSE CHINA A50
Recent price correction breaks down below its red ema. Price consolidating below its red ema for a week. A break out above this level 12,966 will spark a Bullish Trend on this index. Failure to do so which leads to a reversal from here on wards will bring the market to multi months low.
Hong Kong Hang Seng
Recent price correction breaks down below its red ema. Price consolidating below its red ema for a week. A rebound towards its red ema is needed to be seen first at 28,853.A break out above this level 28,853 will spark a Bullish Trend on this index. Failure to do so which leads to a reversal from here on wards will bring the market to multi months low.
Malaysia FBMKLCI
FBMKLCI been into a Bearish Trend since March 2019. Index never trade above its red ema ever since then. Recent index trading at its multi years low rebound and consolidated. A rebound towards its red ema at 1,637 is needed to be seen yet. A break out from 1,637 will spark a Bullish Trend on this index. Failure to do so which leads to a reversal from here on wards will bring the market to multi months low.
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