Straits Times Index (STI) : Possible change in trend

A member (trendlines) in the InvestIdeas highlighted about the possibility of a head-and-shoulder forming on STI.

From the Ichimoku chart for Straits Times Index (STI), this is confirm by the sighting of the kumo twist; a possible change in trend on the chart.

Given the fairly thick kumo support below, we will need STI to break the kumo support before we can confirm that the uptrend has ended.

By iam802

Trend trading with Ichimoku