fxibreakoutresistancezonesept3

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The Power of the Pattern has been keeping an eye on China ETF FXI, as it approached 6-year falling resistance a couple of months ago.

Members bought FXI near resistance with a tight stop, looking for a potential breakout.

Of late, FXI is breaking above its 6-year resistance line and acting well. Next key resistance zone for this ETF comes into play around 10% above current prices.