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| Price | ▲ 0.71% | ▼ 0.36% | ▲ 1.20% | ▼ 0.37% |
| Energy | ▲ 31.6 | ▼ 2.3 | ▲ 28.3 | ▼ 3.4 |
Trend of Bull Bias CHINA50 Index Daily
▸When CHINA50 Index is in Bull Bias:
- then CHINA50 Index moved to higher Market State: 132 times — 41%
- then CHINA50 Index moved to lower Market State: 190 times — 59%
▸Current CHINA50 Index market energy: 35.41%
- Distance to upper bound of Bull Bias (at 60%): 24.59%
- Distance to lower bound of Bull Bias (at 20.88%): 14.53%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the Daily candle closes, Market Energy of CHINA50 indicates the Bull Bias state.
Market energy movement Market trend energy recorded a -3.4% drop from the previous candle, from 38.8% to 35.4%.
Time in Bull Bias energy zone: 2 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, CHINA50 Index Market Energy ranged from +10.5 to +38.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CHINA50 Index price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 06-03-2024 closed, CHINA50 Index was at 11,979, down 0.37% from the previous candle (12,023.5). Market Energy was 35.4%, down 3.4 points from 38.8%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did CHINA50 price move on this Daily candle, and how large is that historically?
CHINA50 closed at 11,979, down 0.37% from the previous Daily candle (12,023.5). This drop is larger than 27% of past drops on the Daily timeframe for CHINA50, across 1,337 candles since 2019.
How did CHINA50 Index Market Energy change from the previous candle?
Market Energy fell 3.4 percentage points from the previous candle — from 38.8% to 35.4%. This drop is larger than 15% of past drops on the Daily timeframe for CHINA50.
Do CHINA50 price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was CHINA50 Index in on the previous Daily candle?
The previous Daily candle had CHINA50 Index at 38.8%, Bull Bias — this candle kept the same state, no zone change.
Where does CHINA50 Index energy sit within the Bull Bias zone?
At 35.4%, CHINA50 Index is 24.59 points from the upper boundary of Bull Bias (60%) and 14.53 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Bias with energy -56.1%; GER40 (European equities) in Bear Bias with energy -46.6%. Against this backdrop, CHINA50 Index (Bull Bias, 35.4%) has higher energy than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -50.8%. CHINA50 Index (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for CHINA50 Index.
Open Energy ChartSee the full 2AiTrading Model data for CHINA50 on the CHINA50 Index overview →
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