Since the all time highs in 2007 the Shanghai Composite has not recovered those levels failing on successive Lower Highs. This has created a Triangle pattern on the Monthly chart with Higher Lows. We can't be sure which trend line has to be followed to mark the new Higher Low as both have valid grounds. In any case, the index is approaching its long term technical...
Only time will tell, but I'm expecting 0,3 /0,5 / 0,6 Fib retracements with shallow FIB 0,3 Counter rallys.
Scenario could be that SP500 will hit FIB 0,3 in Q1-2019 (Target 1) then turn around with a shallow (Fib 0,3) summer counter rally to A and ... on and on until we hit target 3 at Fib 0,6 in 2020-21.
This is of course a highly sterilized scenario and will...
There's been a lot of FUD going on in the market lately. Multiple days of several hundred point drops will do that.
Ignore the FUD, and read the tea leaves. Here's what the charts say to me:
SP500 remains in the bull wave channel which began nearly 10 years ago in March 2009. As long as the price remains in this channel, the bull market continues.
Red line is...
Hang Seng Index HSI over the last 18 years looks generally Rangy.
We have seen a recent failure DOUBLE TOP movement at its all-time high level near 32,000
Current price action looks trending in bearish momentum, the Global stock market is also recently taken a hit since the price no longer
makes higher low and higher high of what it feels like bull market...
$NIO holding trendline support this week, forming a possible ascending triangle on the hourly chart. Expecting another couple moves within triangle before breaking ~$8.12 resistance. Targeting $9.00+ by year end.
Note: Informational analysis, not investment advice.
As Per My Views On HSI:HSI :
Patterns On Day Chart:
1.Support From Upward Trend line
2.Head And Shoulder Pattern
3.Strong Horizontal Support At 27200
Breakout above 26940 on daily charts will be bullish for hang Seng index traders can go long above that with target of 28400 with stop of 26570
Will be very interesting to watch longterm trend of USDCNY. rising interest rates and the contionous USAvsCHINA trade war has many people worried on the outlook of the long term Ameircan economy. where do you think the market it is heading? to watch for companies it will be interesting to see if Amazon can branch out in the heavily dominated Alibaba chinese market.
I think EURUSD will rise to the inverse head and shoulder neckline for a short upwards rally and then going back to the downtrend. For longterm prospect on the price of EURUSD we will have to watch for the actions of federal reserve chair powell, and as well the upcoming G20 summit on trade talks with both China and the EU.
$WB Weibo forming what looks like a possible diamond bottom in the area of $60 support. Earnings this week - if positive, it could be the start of a major long term reversal.
Targeting $80 by mid-January.
Note: Informational analysis, not investment advice.
![SPX: So how will "The bear" play out ? [SPX]](https://s3.tradingview.com/6/6Bybe47r_mid.png "So how will \"The bear\" play out ? [SPX]")
