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Shanghai Composite

5 Aug 2021 ‚óŹ 05:45 AM

China has been in the news for all the wrong reasons and the index has corrected sharply in recent times. However, the Shanghai index formed a morning star candlestick pattern at the bottom which is a bullish reversal pattern and along with that, the index has also seen a five-wave rise with a bullish crossover in the daily momentum indicator. At least for the short term, it looks like the worst could be cover.

 

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