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Monday, August 22, 2016

China Aviation

China Aviation - 23rd Aug 2016

China Aviation after touching the high of 1.57 it had since trend lower to touch 1.35 today.This is rather bearish.



A bearish triple top pattern + broken down the support at 1.405 of which I think is the confirmation sign of a uptrend reversal.

Three black crows signify the end of the uptrend mode.
Short term wise, I think it may go down towards 1.20 then 1.10.
(Trade base on your own decision)

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