I might be being a bit over-optimistic here as always you can find a count that fits a more bearish direction if you look for it. I like this one however for now but I am still curious if, when and where we are going to see a decent wave 2 correction/pullback before it continues higher. Since the "crash" in February, it, along with many other indexes has been...
Taiwan's fate is intertwined with China's. China is tightening liquidity in the country to try and temper inflation. This should reverberate through the rest of the world over the next month or so. Taiwan looks technical week on a daily and monthly basis.
Detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on iShares MSCI Taiwan ETF (EWT:NYSE). This bearish signal indicates that the stock price may fall from the close of $13.21 to the range of $12.70 - $12.80. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved, according to...
The weekly chart here That is a very bullish chart.
The daily double bottom should confirm the weekly chart very soon, which is still red at the moment. I am looking at least for the top on this trade.
The weekly chart shows a bullish Taiwanese stock market
On the daily chart, we see this ETF consolidating after breaking and retesting the Double top neckline. The histogram divergence is over, and the impulse is green. I am looking for the top.
EWT
