I would wait until the rsi breaks the 37.8 support and the char breaks the 69.30 zone to confirm the short, because we can have different possibilities that can be seen in the rsi indicator ( orange ) my target zone would be the 66 - 65 price zone. We can also have a consolidation, a period of indecision in the 71-69.30 price zone. That's why the price break at 69.30 zone and the rsi at 37.8 would be important to confirm the short.
Comments
EricCaodd
⋅
dude, don't wait, short china, the debt problem is huge, even beyond the understanding of most western analysts and experts. shanghai composite index will break below 2000 points decisively in the coming weeks.
AlexandreFF
⋅
I know I never believed in China since the financial crisis i've got an eye on their debt