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| Price | ▼ 0.09% | ▼ 0.29% | ▲ 1.00% | ▲ 1.35% |
| Energy | ▼ 3.5 | ▲ 7.2 | ▲ 19.8 | ▲ 75.0 |
Trend of Bull Bias CHINA50 Index Weekly
▸When CHINA50 Index is in Bull Bias:
- then CHINA50 Index moved to higher Market State: 30 times — 47.6%
- then CHINA50 Index moved to lower Market State: 33 times — 52.4%
▸Current CHINA50 Index market energy: 32.1%
- Distance to upper bound of Bull Bias (at 60%): 27.9%
- Distance to lower bound of Bull Bias (at 20.88%): 11.22%
"Let data guide you, but never trust it completely" — 2AITRADING
CHINA50 recorded in energy leaning Bull as the Weekly candle ended.
Looking at the Market Energy reading, The energy level rose +75%: from -42.9% now at 32.1%.
Time in Bull Bias energy zone: 1 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CHINA50 Index price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 15-07-2024 closed, CHINA50 Index was at 12,305.5, up 1.35% from the previous candle (12,141.5). Market Energy was 32.1%, up 75.0 points from -42.9%, 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 Weekly candle, and how large is that historically?
CHINA50 closed at 12,305.5, up 1.35% from the previous Weekly candle (12,141.5). This rise is larger than 38% of past rises on the Weekly timeframe for CHINA50, across 324 candles since 2019.
How did CHINA50 Index Market Energy change from the previous candle?
Market Energy rose 75 percentage points from the previous candle — from -42.9% to 32.1%. This rise is larger than 98% of past rises on the Weekly timeframe for CHINA50.
Do CHINA50 price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was CHINA50 Index in on the previous Weekly candle?
The previous Weekly candle had CHINA50 Index at -42.9%, Bear Bias — when this candle closed, CHINA50 Index moved up to a higher zone: Bear Bias → Bull Bias.
Where does CHINA50 Index energy sit within the Bull Bias zone?
At 32.1%, CHINA50 Index is 27.9 points from the upper boundary of Bull Bias (60%) and 11.22 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 -40%; GER40 (European equities) in Bull Bias with energy 21.5%. Against this backdrop, CHINA50 Index (Bull Bias, 32.1%) has higher energy than SPX500; sits in the same state zone as 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 -18.8%. CHINA50 Index energy is currently above DXY by 50.9 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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