Quantuary
Long

China 25 | "local good value" + divergences

BATS:FXI   ISHARES CHINA LARGE-CAP ETF
87 3 1
Overextended %B (sub 2 std dev) indicates local "value".
Divergences on all three of FT             , Mom and MACD .
Doji on high volume .

Combine to point to a reversal.

TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37

SL: maintain 1:1 risk reward?

Exit if not moving into profit with 3/4 bars.
I like it, i would like to see more analysis for major stock indices. Thanks
Reply
Quantuary PRO Technician
2 years ago
Happy to, as I see them triggering I'll publish the ideas!
Reply
Quantuary PRO
2 years ago
2014-02-04 10:00 GMT: 3 bars in and not moving in our desired direction, so meets one of our EXIT criteria. However is moving back to "good value" a key fib level and divergences still in play. So may re-enter in a couple of days. Q
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out