Will touch 423.60% very soon. Usually correction will be occurred after touching 423.60%. Be careful.
SELL When: - RSI reaches 90 - Touches the RED Line with RSI reaches 80 - Bearish RSI Divergence occurs BUY When: - Touches the GREEN Line with RSI reaches 35 - Bullish RSI Divergence occurs
SSE Composite index (China monthly chart). Price will rise.
The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is...
Shanghai composite breaking out of its 12 months downtrend channel with a bullish divergence.
The Shanghai Composite reflects the real situation that we are facing up. The S&P 500 completely out of mind in that perspective. Are we approaching a reversal movement in both indexes? Indeed, one of them has a lot of chances rather than the other. Which one is willing to turn over first? Learn how to beat the market as Professional Trader with an ex-insider!...
The lackluster demand for Asian dollar bonds (ADB) is likely to recover as investors who shunned weaker quality notes during the turbulent final quarter of 2018 now see them as too cheap to ignore. This indicates investors will take money out of SCI and invest into ADB junk bonds
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...
The index fell below the breakout pattern and retested the lower TL and held. To add more downside exposure if you see the rally.
=> Market turmoil is creating its own negative feedback loops for China driving further tightening financial conditions that will last and have further effects on the economic growth in the region. => It seems unlikely to open the floodgates to a recession so far however further trade tensions between the US and China will add to fragility. => Targets in Chinese...
SHCOMP broke out of falling wedge and is bouncing of severe support. Will expect it to go back up to test long term pennant resistance.
Shangai Composite Index is moving bearish. More falls are expected.
We should look at the development in China stock market. When many people are still in denial stage, we have hit our first TP. It is due for a decent continuous sell down. For now, it may rebound back up to 13,221 level but it shall go down a lot further. I am looking for short only at this moment. Trade Safe s0nic Disclaimer: The information contained in...
SHA stock index is getting closer to our estimated bottom entry, according to our previous analysis on Feb 19. Have you got ready to buy?
- Multi supply zone and weekly bearish wedge - Price needa breakout here or it looks pretty bearish in longer term
Shagnhai Composite: sooner or later will breakdown here
-rejected at trendline again and same megaphone pattern acting as resistance - 3400-3500 is strong resistance zone