Chinese indexes, Hang Seng Index ( TVC:HSI ) and Strait Times Index ( TVC:STI ) have been tumbling today on fear of Coronavirus spreading to other parts of China and more countries. We are reminded of SARS in 2003. The Wuhan flu virus belongs to the same family of coronaviruses that causes SARS, which killed nearly 800 people globally during a 2002-2003...
CN50/ChinaA50 sell, and buy every other stock index
Bitcoin does not act in isolation from the world economies, fact. There are times that Bitcoin movement is inconsistent with world markets but in general, a bull market in world economies contributes to a bull market in the crypto-currency space. This is especially true for the Chinese economy who were responsible for >80% of Bitcoins trade volume prior to its...
Potential Short Setup. 1. Rising wedge Awaiting 2. DESCENDING Triangle. Wait for the breakout from DESCENDING Triangle before taking SHORT position. PS: Ignore typo - I actually meant 'Descending Triangle' on the chart.
It took only 3 months in 2015 May till Aug for the index to crash 45% from its peak but is more than 2 years now and we are blessed indeed to see it pulling back nearly 57% of its previous shiny days. That means it has nearly 15% more to catch up to its previous high. Notice the nice Cup formed, expecting a right handle to be formed soon (pull back). The fall...
It appears to me that the Hagopian rule is about to play out and we are getting a chance to enter this trade with a very small stop. The Hagopian rule This rule is invoked once a confirmed pitchfork breaks without the price ever reaching the median line, what should follow is a bigger movement in the opposite direction.