World Stock Markets Are Turning Over

The German DAX has completed an H&S top with a down slanted neckline on the weekly chart.

DAX

The German DAX has completed an 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.

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World Stock Markets are turning over - Peter Brandt - Factor

Nifty/INDA

The Nifty 50 has broken its dominant trendline. INDA has completed 15-month H&S top. Factor is short INDA.

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SGX China A50

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.

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 World-Stock-Markets-are-turning-over-china-peter-brandt-factor

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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STOCKS IN THIS ARTICLE

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