Hello,
What is JRJC?
China Finance Online Co. Limited; together with its subsidiaries, provides Web-based financial services in the People's Republic of China and Hong Kong. The company operates through Online Financial Information and Advisory Service, and Other Related Services; and Hong Kong Brokerage Services. It provides online access to securities trading services, wealth management products, and securities investment advisory services to retail investors; and financial database and analytics to institutional investors, including financial, research, academic, and regulatory institutions, as well as financial software products.
News
My Thoughts For You
This here is a leading diagonal that appears to have bottomed at wave 5. This next move is measured by historical retracements and so we can expect to see a test of the upper trendline at some point.
Wait for the pullback and monitor the daily TF for direction and 4hr for entry. When you see that the retrace is over by monitoring the 4hr TF; looking for a reversal signal such as a hammer candle, bullish engulfing, etc along with a higher low that has established support, that is your entry with a stop placed just below the previous low.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
What is JRJC?
China Finance Online Co. Limited; together with its subsidiaries, provides Web-based financial services in the People's Republic of China and Hong Kong. The company operates through Online Financial Information and Advisory Service, and Other Related Services; and Hong Kong Brokerage Services. It provides online access to securities trading services, wealth management products, and securities investment advisory services to retail investors; and financial database and analytics to institutional investors, including financial, research, academic, and regulatory institutions, as well as financial software products.
News
My Thoughts For You
This here is a leading diagonal that appears to have bottomed at wave 5. This next move is measured by historical retracements and so we can expect to see a test of the upper trendline at some point.
Wait for the pullback and monitor the daily TF for direction and 4hr for entry. When you see that the retrace is over by monitoring the 4hr TF; looking for a reversal signal such as a hammer candle, bullish engulfing, etc along with a higher low that has established support, that is your entry with a stop placed just below the previous low.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
