This China index confirmed its completion of ABC when lockdown ended & their economy resumes. It has risen so much from the ABC correction low of 2888 & we may see wave 1 topping out with a diamond reversal pattern. As seen in the past 2 times shown in chart, a diamond can be either a reversal or continuation pattern so proceed with caution.
Reasons why I see...
Price broke up this triangle📐 and I think there is chance for run to 6.92 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Resistances along the way
ENTRY : local high @ 6.735
STOPLOSS (SL) : local low @ 6.668
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 6.92
I owned shares of Alibaba for the last 10 months. I started buying when it dropped to $140 in November 2021, and then I started averaging costing during the downtrend, my average price was around $110 and I completely closed my position at the beginning of July 2022 when it traded at $120. In conclusion, made a small 10% during this period,...
Since last week the media has published videos and Chinese politicians' statements about the Chinese military drills near Taiwan. Taiwan has also conducted military exercises and preparatory work with the civilian population in the event of an attack. On August 3, the NYT, quoting Chinese state media, published an article about the following Chinese military...
Spy is above the channel, I simply don't believe it is BTC time YET. Remember YET. We could be facing a pump then dump then takeoff from 19k BTC. But with all this negative talk about China's entire economy about to fail because of the real estate overbet, there's no way USA stocks don't face that value effect. China and Russia look like idiots. I expect some...
This DAILY chart shows the RATIO between Tesla and Ford stock and so comparisons
between market cap.
A rising ratio indicates that TLSA is gaining market cap compared with F while a decreasing
ratio shows the opposite.
A long-term investor who wants to own either TSLA or F or a blend of the two could use
a chart like this to make trade decisions.
As you can see the price reacted positively after it reached to its Bullish Breaker Block and now is consolidationg above 1760$ ! if the price can stablize above this price we can expect another bull run , but if the prie penetrates below 1752$ , we can expect another fall to 1720$ ! Let's See ... !
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Just FYI, an equally price-weighted basket of large Chinese real estate companies is down 8% today. Rumor is going around lots of companies in this sector are not paying interest payments and are on the verge of default. Maybe it could spill over into global markets? Dare I say it could be an outbreak in the market flu?
These companies are much larger than Enron....
⚡️ #BTCLIVE - 04.08 ⚡️
At the bottom of a symmetrical triangle - bouncing twice recently with relatively level volume showing distinct signs of ranging. Longer term Bullish Divergence is now in play. Unfilled CME Gap sitting at 23.7k to 23.9k along with the POC, both bullish. On a more macro level currently sat in the...
With U.S.-China tensions continuing I believe we are at a key level on AUD/JPY. I am still very much bearish on this pair with projections around the 91.000 levels. If we break this important HL point we could see a change in direction however I doubt it from a fundamental and technical sentiment. We will wait for confirmations and adjust to whatever the market shows us.
The Real Estate and Banking Crisis in China Is Spreading to Other Aspects of the Chinese Economy!
A lot of information is coming out that the Citizens can't get any money from their banks.
We have seen that before! Never ends very well.
Apart from China's problems, Tesla has been experiencing problems in China.
1. The cameras on the Cars, that they can't be...
🥳 BTCUSD China will give rise to coin target 34,000
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❤️ I use all my transactions in real trading in my account, my account has already reached...
Biden to the rescue :
Biden could soon lift tariffs on China in bid to tackle inflation
''The Biden administration is wrapping up a mandatory review of tariffs on Chinese imports that were first imposed by former President Donald Trump, who argued that China needed to be penalized due to unfair trade practices.''
Good move that could help reverse the...
The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE.
Price reached Fib ( 0.618 )
Price reached Weekly FVG
Good opportunity of long position.
+41.5% if price reached first red line
Good Luck Trader💯💯
🧅Disclaimer :There are risks associated with investing in...
The China Factor : Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
" Disaster looming in Australian economy as iron ore demand falls " (Daily Telegraph: www.dailytelegraph.com.au )