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BlueHatInvestor
Dec 17, 2023 4:08 PM
Shanghai Composite SHCOMP ~ Bearish H&S Formation (Dec 2023)
Short
SSE:000001
1W
SSE Composite Index
SSE
Description
⋅
Dec 17, 2023 4:08 PM
SSE:000001
chart mapping/analysis.
Bearish H&S formation on weekly chart.
Price action already broken below multi-decade trend-line.
Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
Comment
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Dec 18, 2023 4:27 PM
Correction: 2014 breakout, not 2005 breakout.
Trend Analysis
Head and Shoulders
Fibonacci
SHCOMP
shcompanalysis
china
china50
chinaindex
ssecomposite
chartanalysis
Technical Analysis
Comments
without_worries
⋅
Jan 16, 2024 1:48 PM
Time to get your bull on, about to blow up.
BlueHatInvestor
⋅
Jan 16, 2024 1:59 PM
@without_worries
if Shanghai Comp can break above ~2975 to reverse trend & build HHs/LHs then game on for sure! Otherwise scale in small positions to minimise losses if sell-off continues..🤞
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