Targeting the all time highs as a minimum. It should well exceed this long term so the 1:15 risk to reward ratio is a conservative estimate. I'm not sure how long this move will take, but I do not see the price breaking below that orange zone again. The line forecasts (orange and green) are very rough approximations of how I expect this to unfold. There are...
Multiple trendline breaks, confirming further downward action. Fibonacci goals not quite met, but there is still time. Divergences not present yet. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation...
send it down The price action looks bad indicators also not good
The more negative news we received about China, the more people want to know about it. From the property slump, weak demand, subdue consumer confidence to ever changing government policies, all eyes are peeling onto China and awaits eagerly for a plethora of good news to come out from the Chinese Government. The top 300 companies in China , reflected in CSI300...
Daily chart, Longi Green China stock is trading in a falling wedge. After crossing the resistance (blue line) at around 22.3, the chart pattern target will be 32.3 Technical indicators RSI and MACD are positive Stop loss level at 20.5 should be considered.
SSE:000001 chart mapping/analysis. Bearish H&S formation on weekly chart. Price action already broken below multi-decade trend-line. Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
Weekly chart, Stock 002575 (Guangdong) is trading inside a triangle, and after crossing the resistance line (BLUE), the target will be 10.70 Resistance levels 6.94 , 8.25 , 9.15 to be monitored. Both technical indicators MACD and RSI are positive
Indicators present a current good position, especially when RSI is moving high above MAs. Could still have some bullish trend before the beginning of Jan.
This symbol is pickable on the day before yesterday, which is a perfect timing. I was not able to track this event due to personal issue. Now the trend is about to end.
This symbol was just picked by my system last night, not sure of the trend yet. Indicators present mixed signals, and the price still hovering under 0.5 Fibonacci Retracement level. Trading volume was strong though. We'll see.
Opened a position by the end of Nov. Now it gradually climbs up. The RSI shows resilience in CBIdx chart, which Aroon indicates a potential downtrend. The bullish window may close by the middle of this month.
688167 has experienced a bull run in Nov. According to the time cycle and Aroon indicator, the bullish window may close soon, before the middle of Dec. Today the RSI climbs back above the MAs, unveiling a short-term window. Opened a position at 123.8.
It is currently at a pivotal moment where RSI walks under MAs in CBIndex. Other indicators such as Aroon and Derivative Oscillator also indicate bearish movement. The time cycle suggests a potential end at this moment of the current fall. The next fall will happen around the beginning of Jan, which may lead to a bullish opportunity this month. We'll see.
The symbol seems to be in a pivotal moment, where the price level was steadily climbing while the DO indicated a down-term trend. A possible ending may be reached by the end of November. For an uptrend opportunity, wait to see if the RSI line can pivot upside and cross the two MAs in CBIdex.
If there's an upside pivot in CBIdx that RSI can cross the two MAs, as well as an upside cross in Aroon, then an uptrend is formed aiming for a peak by the end of November.
Picked by my open source algo at github.com . RSI and CB Idx indicate a potential uptrend if successfully crossing upwards to the moving average. DO_LB indicates a potential end of the current downtrend period. Time cycles indicate that there may be a low point by the end of December, therefore the end of this short-term uptrend will possibly end by the end of November.
Nǐmen hǎo We have nice Elliott wave formation ready for trend reversal! Sure, price always can go deeper but opportunity in this moment for trend reversal is more than good. Above previous low level is free zone to the upside. Confirmation can be after breaking and beck test! Good luck traders