IvanLabrie
Short

Shanghai composite Class A Index: Uptrend signal failed

INDEX:XGY0   Shanghai Class A Index
a year ago
The 7 week uptrend present in the index has failed. Now we expect price to drop back to 3339.463 in the coming 7 weeks or earlier. Minimum target would be 3542.160. If it were to drop below 3339.463, it might reach my 8 week downtrend signal's target below, but for now it's early to say.
Price sits right under the 52 week moving average and has clearly found resistance and lost momentum .
Good luck.

Kind regards,

Ivan Labrie.
a year ago
Trade active: Perfection.
a year ago
Comment: After the strong 2 week selloff, it would appear as it's ready to break above the resistance.
If it does we might see a lower high top soon.
I'll update when possible.
a year ago
Comment: Downtrend confirms this week.
a year ago
Comment: It'll be interesting to see the reaction to 3339 when hit.
11 months ago
Comment: Sadly, I was right.
10 months ago
Trade closed manually: Potential double bottom, or at least time for retracement and more downside.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
grahvity
a year ago
This fits the classic bubble/ market cycle chart to a T.
Reply
IvanLabrie PRO grahvity
a year ago
For sure...one fun fact: the downtrend and then uptrend signals both had 7 weeks duration. (This is a very chinese number)
+1 Reply
alex.a IvanLabrie
a year ago
It will affect NZD and AUD, then - Thanks -
+1 Reply
Think they'll be an interest rate hike?Listen to Jim,The GoldenJackAss.Get some fundamental analysis and wake up to what Governments are doing.It directly impacts currencies because of incompetence and corruption.Throw in stupidity.
http://www.tfmetalsreport.com/podcast/7295/some-razzleberries-jackass
+1 Reply
IvanLabrie PRO RobertHerdman
a year ago
Hi Robert, thanks for the comments.
Reply
alex.a RobertHerdman
a year ago
China has just lowered the interest rate this year multiple time, if I am not mistaken. And the next year raise the rate? when the economy is not so good globally. Not so sure ~
+1 Reply
LastBattle
a year ago
snapshot


Class B have started its move... Not surprising, since A consist of mostly blue chip stock which China's plunge protection team is buying.

http://www.zerohedge.com/news/2015-11-27/chinas-plunge-protection-team-now-owns-6-entire-chinese-stock-market
+1 Reply
LastBattle
a year ago
total devastation today....
+1 Reply
IvanLabrie PRO LastBattle
a year ago
Wait for Monday...'Black Monday' or 'Black Friday' news coming.
Reply
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