Will Wong

FXP-Chinese ETF-Ultra Bear-Bullish Abandoned Baby Candle Pattern

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The Abandoned Baby Candle Pattern is a rare but accurate reversal pattern. In a rarely traded ETF , it may not be as rare as can be seen in this chart.

The December 18 FXP$50 call has a OI of 50 at open today but at the close, 1570 calls changed hand, with most of it at the last hour of trading. It It appears that traders were watching to see if the bullish candle pattern will be completed at the close.
Comment: November trade data really bad. Yuan at 4 year low. Shanghai Class A heading to a weekly loss.
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