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Trend of Bull Critical CHINA50 Index Daily
▸When CHINA50 Index is in Bull Critical:
- then CHINA50 Index moved to higher Market State: 71 times — 35.1%
- then CHINA50 Index moved to lower Market State: 131 times — 64.9%
▸Current CHINA50 Index market energy: 67.85%
- Distance to upper bound of Bull Critical (at 74.5%): 6.65%
- Distance to lower bound of Bull Critical (at 60%): 7.85%
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Right as the Daily candle closes, CHINA50 in the Bull Critical energy zone.
On the energy side, Compared to the previous candle (82.1%), Market Energy dropped -14.3% to 67.9%.
Time in Bull Critical energy zone: 1 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 +35 to +82.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was CHINA50 Index on Daily when this candle closed?
When the Daily candle at 07:00 on 30-04-2024 closed, CHINA50 Index was in Bull Critical with Market Energy 67.9%, controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How did CHINA50 Index Market Energy change from the previous candle?
Market Energy fell 14.3 percentage points from the previous candle — from 82.1% to 67.9%.
What state was CHINA50 Index in on the previous Daily candle?
The previous Daily candle had CHINA50 Index at 82.1%, Bull Extreme — when this candle closed, CHINA50 Index moved down to a lower zone: Bull Extreme → Bull Critical.
Where does CHINA50 Index energy sit within the Bull Critical zone?
At 67.9%, CHINA50 Index is 6.65 points from the upper boundary of Bull Critical (74.5%) and 7.85 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Bull Bias with energy 38.8%; GER40 (European equities) in Neutral with energy 6.2%. Against this backdrop, CHINA50 Index (Bull Critical, 67.9%) 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 Neutral with Market Energy 1.2%. CHINA50 Index energy is currently above DXY by 66.6 points.
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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