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| Price | ▼ 0.06% | ▲ 0.17% | ▼ 0.04% | ▼ 0.03% |
| Energy | ▼ 5.1 | ▲ 17.7 | ▼ 3.7 | ▼ 6.1 |
Trend of Bull Bias CHINA50 Index 1H
▸When CHINA50 Index is in Bull Bias:
- then CHINA50 Index moved to higher Market State: 1,161 times — 40.7%
- then CHINA50 Index moved to lower Market State: 1,692 times — 59.3%
▸Current CHINA50 Index market energy: 47.02%
- Distance to upper bound of Bull Bias (at 60%): 12.98%
- Distance to lower bound of Bull Bias (at 20.88%): 26.14%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Following the completion of the 1H candle, Market CHINA50 Index in energy leaning Bull.
Per the 2AiTrading energy measurement system, Market Energy dropped -6.1% from the previous candle, from 53.1% to 47%.
Time in Bull Bias energy zone: 14 1H 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 -99.5 to +100.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CHINA50 Index price and energy show when this 1H candle closed?
When the 1H candle at 23:00 on 16-10-2020 closed, CHINA50 Index was at 16,020, down 0.03% from the previous candle (16,024). Market Energy was 47%, down 6.1 points from 53.1%, 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 1H candle, and how large is that historically?
CHINA50 closed at 16,020, down 0.03% from the previous 1H candle (16,024). This drop is larger than 13% of past drops on the 1H timeframe for CHINA50, across 9,307 candles since 2019.
How did CHINA50 Index Market Energy change from the previous candle?
Market Energy fell 6.1 percentage points from the previous candle — from 53.1% to 47%. This drop is larger than 42% of past drops on the 1H timeframe for CHINA50.
Do CHINA50 price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was CHINA50 Index in on the previous 1H candle?
The previous 1H candle had CHINA50 Index at 53.1%, Bull Bias — this candle kept the same state, no zone change.
Where does CHINA50 Index energy sit within the Bull Bias zone?
At 47%, CHINA50 Index is 12.98 points from the upper boundary of Bull Bias (60%) and 26.14 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bull Bias with energy 47.8%; GER40 (European equities) in Bull Extreme with energy 78.9%. Against this backdrop, CHINA50 Index (Bull Bias, 47%) lower than GER40; sits in the same state zone as SPX500.
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 -12.7%. CHINA50 Index energy is currently above DXY by 59.7 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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