SHCOMP bounced off 2937.698 where it could potentially rise further to 3130.627. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SSE composite has unhesitatingly broken above key structure resistance and I believe that now we can expect further bullish continuation. Target levels based on the structure. Key levels: 3150 3200 3250
Still monitoring if minor 2 is in as the chart labeled. Currently looking for the yellow lines as necessary range. If it breaks up, minor 2 is in. Otherwise, who knows.
It did stop at 50%. going straight up one wave afterwards. Then what?
SHCOMP is currently pulling back off a Double Top formation near July's 3,050 Resistance. The key development here is the potential to have a Golden Cross formation on 4H. Last time this pattern emerged was in mid February 2019, when again the price was pulling back after a Double Top. The result was an aggressive jump of +20%. Medium term investors can wait for...
It looks like a 5-five up is done. Yesterday's drop is the largest since Aug.
If considered impulsive from the bottom, it is in Int 3>min 1.
Those following the previous chart update in Shanghai Composite will know the widely tracked 3,257 highs we called live here all those months ago: Here we are going to dig deeper for the final leg and one more time trade it live, breaking below 2,887 will unlock at least the 2,793. The congestion here will define the nature of the trend, if we break the 61.8%...
SP:SPX TVC:SHCOMP AMEX:VEU TVC:SX5E AMEX:VEU 1, Vertical lines: Thin Orange is Trump wins election. Thick Orange is start of Trump presidency 2. Chart Lines: White is USA stock market, S&P500 Blue is the European “Dow Jones”, Euro Stoxx 50 Orange is the market cap weighted index of the entire planet’s stock markets (the 44 countries with capital...
SSE:000001 Fibonacci y nada más a este índice, bien simple, rápido. Abre sobre el 0,236, sube +1,78% por ahora, tremendo luego del acuerdo con USA. Resistencia histórica por ahora lo limita en 3030, veremos si la supera para continuar al alza
Assumption : completion of C wave, range bound market. Indicators used: time segmented volume, 20/50/200 EMA, DMA
For those who have a background in waves, you will know we are in the final stages of a 5 wave sequence since the advance from January. Only crumbs remain in the move and for my taste it is too late to buy into any weakness as bulls are eyeballing taking profits around current levels. We should not retrace any further than 2,900 ... however remember that after 5...
The chattering class is clearly leaning towards the sentiment that Chinese growth is stabilizing as GDP growth was strong (compared to its 6.0 to 6.5 percent range) in conjunction with strong PMI numbers and, as can be seen by the Shanghai Composite, strong capital markets. While Europe is unsure what to do with the euro from the prospect of Brexit still on the...
With the U.S. - China trade deal developments ongoing and reportedly staying on positive grounds, the stock markets are globally on the rise in 2019. This is a good time to examine how the heavy Chinese companies are performing. FXI is the index that tracks China's stocks with the largest capitalization. On the monthly (1M) chart we see that since the 2009...
While moving averages at the weekly level only half bullish, the stochastic is now consistently flashing to sell while RSI heads in that direction. While this has been reversed in the past such as 2017, conditions are different. Recently, Trump indicated a trade war detente may not come until June if it comes at all as he threatens to keep tariffs on against the...
Volatility is decreasing as the trend upwards slows down. I think there is large potential to the upside as the US-China trade war comes to a detente. However, many resistance levels remain in the way before that can happen. On the other hand, the index quite easily blew past previous levels of resistance with no problems. Want to see more talk towards trade war...
Quite a run since February. One of the most volatile world indies though with a volatility percentage of 1.91 percent while the most volatile index is Iceland's 2.54 percent and the global average of .96. Trade deal headlines really influence Chinese equities. Inspires me to stay away.
3117 and 3136 remains short-term support over the next week while 2794 and 2829 could be support. Fib retracements could also be pivot points as they have been in the past.