The daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback. The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken. From here, we created and confirmed our...
Nice Short setup well defined risk with a very nice reward!
RSI divergence. Neckline at 13800 round number. With risk-off news from yesterday, the break is likely. Once it breaks, the US and Europe indices should continue lower as well. Good Luck!
Long OANDA:CN50USD , Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher! Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center) IF the...
OANDA:CN50USD on weekly charts look good for up move Some of the important levels are marked on the charts and look out for a few more higher highs and retracements to be higher lows. Keep an eye on the RSI too. We have not been on the OVERSOLD space and holding up the middle zone If you like what you see, please share a thumbs up!
Hello, Dear friends Long time no see! China shanghai composite potential drop, 2500 will be the first support if 2870 break, and the weekly RSI is toward to 30. But I still think it a good time to buy when oversell happens. Thanks!
Still looking to long.... Free sharing of trade ideas.... "FOLLOW" me to receive email notification when I publish new trade idea "LIKE" this post to receive update on this thread Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect...
as shown... until trend line breaks Previous China A50 analysis.... 20190912 #2 20190911 #1 Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun...
Hello, Dear friends China Shanghai A composite index just break the key level ~ 3000, but huge resistance in above, and 4H&1D RSI running in over bought region. my strategy is retest the below key support level ~ 2830, to see if a reverse H&S could be formed or not.
Don't forget to hit the like/follow button if you like this post ;) That's the best way to support me Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser...
So China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc.. The drama will occur again and Trump will spit back with tariffs or measures on a surprise, so as an anticipation shorting Chinese stocks index is recommended. SL is set based on shown trend line acting as resistance, TP on Fibonacci sequence.
Aim for reversal at green boxes. Time segmented volume Indicator was used.
We have faced progress in talks, but we need to confirm what will be the new agreement in the two biggest powers
China is injecting billions of stimulus into their economy to try and keep the bubble inflated. Don’t be surprised if you see the Chinese market goes bunkers. More ghost cities and islands but this time world wide.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
The up swing projection as followed: If price trade above 11004, target 11142 (first target) If price trade above 11142, target 11367(second target) Trader please be aware when price trade near to 6 months resistance zone. China A50 has been trading in narrowing trend.
As market near to end of the year, "window dressing" seasonal behavior have high chance to occur. Major markets have traded approach the previous low and indicate temporary support. A50 has again trading near to 5 months support as show in the left chart. And higher high higher low set up on the lower time frame. Trader may look for long opportunity with the...