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.
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
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I like it, i would like to see more analysis for major stock indices. Thanks
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Quantuary Technician
Happy to, as I see them triggering I'll publish the ideas!
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