Shanghai base line + upper & lower devs. SSE may need to search for a bid below black line
📌 A quiet few weeks and enjoying the last few days of summer before things get very active in markets for the rest of the year and into 2021. Global Equity buyers received their reward for their braveness play: overshoots are a weakness. See diagram below. The mysterious 2650 lows were held from the Giant Panda (PBOC), when retail threatened the...
As predicted in our April 5 post, Shangai Enterprises is tracing intermediate wave C of primary D of a contracting triangle. Next target is minute wave iii at the most probable level of around 2,093. If the index crosses down 1,832, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. FOLLOW SKYLINEPRO TO GET UPDATES.