China top 50 FXI index seems to have formed a triple top Short

iShares China Large-Cap ETFArca

Description

⋅ Oct 29, 2020 9:13 AM

Possible triple top with a targeted move towards 37 level. Possible fundamental driver, new lockdowns abroad which damages consumption and demand for Chinese goods.
Technical picture is supported by potential reversal islands at all three tops.

Chart Patterns

Comments

trmprotraders

⋅ Oct 29, 2020 11:53 PM

I see the same thing too, but the target maybe at the 40ish, not 37