Regardless of your political bias, here's the bullish case
- Pandemic, regulatory clampdown, China-fear mongering has driven stocks down
- Broke down from pennant in April 2022 but recovered and closed within pennant - bear trap?
- Structural shift in new world order (see Ray Dahlio's animated explanation www.youtube.com)
- Curious timing where the major...
SSE ( Shanghai Stock Exchange ) chart. Shown it might completed its long term "Bullish Triangle" pattern. The Western media especially U.S Media have been debating China's Doom since many decades ago to recent "comparing" U.S Lehman brother with China's Evergrande .By checking SSE and SP500 chart.. Maybe The American should be "more worry" about their own "backyard"..
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
my name is Mutab.
42 years old.
Interested in following the stock market.
Innovative of ( safe trend indicator ).
a great indicator for a long-term investment. Keeping up with the rising waves and avoiding the descending waves, to achieve amazing long-term investment goals.
Idea for indices:
- As expected, Robinhood IPO was the trigger for global sell-off (other factors involved obviously, but I have been posting about everything macro related in other posts).
- China continuing to lead down.
- Look how the deflationary wave hits HSI > Nikkei > EU > US. Dome tops forming everywhere.
- ECB actually has greater QE than US, so EU index...
Thanks for viewing.
I'm not a trader in SSE, or an investor.
General bullishness since December 2018 has recently been met with some strong resistance and selling pressure. Apart from finding myself here after reading the news today, where the commentator predicted more "risk" in the market, I don' really track this index.
I'm not a follower of the fundamentals...
This is not meant to be political, or financial advice... Just a scenario to entertain.
It is my hypothesis that China is leading the world economy, and other economies are acting as derivatives...
China is positioned for a downturn, and they are the least financially leveraged out of the major economies in their pandemic response. Others...
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.
SSE has reached a key pivot point.
a conjunction of a major falling trendline and horizontal structure constitute a decision level for the market.
taking into consideration current fundamental sentiment, the market will most likely go south!
our confirmation will be a bearish breakout of a rising trendline!
incase of a bearish breakout the market will reach...
on Shanghai Stock Exchange the market has recently dropped with a gap.
now it recovers and most-likely the gap will be closed.
what is important here is the fact that the last candle close before the gap gives a strong resistance for the market.
so even in case of a 100% recovery, the market can drop just after the gap will be filled.
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.