CHINA: It’s time to shine {DIAMOND REVERSAL) Next 3 moves
After falling 77% from ATH to a level lower than Mar2020, I think YINN is ready to reverse.
What is forming maybe a head & shoulder pattern inside a diamond pattern.
Measured TP of H&S is 18. I think it will go to 16 first, then retrace to 13 before going to the TP at 18.
Many Chinese stocks are already making HLHH like BIDU, JD, NIO, VIPS, LI.
These Chinese indices are also making sort of Diamond or H&S patterns like MCHI,GXC & KWEB.
Major indices have also made a HLHH like SPY, SMH,XLK, XLY, XLV, ACWI, EEM, EPP, EWJ, EWA,VNM, THD & IEV.
It seems market sentiment is turning bullish & back to risk-on in time for a VALENTINE RALLY.
Not trading advice.
What is forming maybe a head & shoulder pattern inside a diamond pattern.
Measured TP of H&S is 18. I think it will go to 16 first, then retrace to 13 before going to the TP at 18.
Many Chinese stocks are already making HLHH like BIDU, JD, NIO, VIPS, LI.
These Chinese indices are also making sort of Diamond or H&S patterns like MCHI,GXC & KWEB.
Major indices have also made a HLHH like SPY, SMH,XLK, XLY, XLV, ACWI, EEM, EPP, EWJ, EWA,VNM, THD & IEV.
It seems market sentiment is turning bullish & back to risk-on in time for a VALENTINE RALLY.
Not trading advice.