Is of the Shanghai composite.
A beautiful HVF is nearing pattern triggering,.
Early accumulation is probably warranted!
Isn't now the most bearish FUD, over the Chinese economic miracle you have ever seen in a lifetime.
The chart is telling a different story of consolidation of its extreme growth and continuation of it's remarkable rise.
A quadrupling on...
I believe that many traders must be familiar with the Fibonacci sequence. In actual combat, we also use the Fibonacci sequence to predict the probability of a change in direction at an important stage of the market. , In the market analysis method, the Fibonacci sequence appears frequently.
The price trend of the market is cyclical, and the time period is the...
Apparently, we are still in a bear market. SSE surged 20% in July and 12% in December respectively, and encountered strong resistance at 0.618 Fib area. If SSE make a fake break out at 2863 and stand above the previous low, it will highly likely to start the real bull market.
Considering the covid 19 policy in China, the national outbreak is happening right...
SSE is breaking out the downward trendline since last year Dec. Currently, the trendline is overlaping with the Fib resistance. If SSE sucessfully break this resistance, will aim to reach the previous high of July 2022.
Major 30 year bull trend line seems to be respected.
Though... many lines crosses here as well. It is a very narrow band with to, each now either up BIG, or down BIG.
All other chines indices indicate somehow the same for BIG up or BIG down.
Im at the short side... Will see what happens here.
Potential factors to consider:
1. COVID Ease;
2. US inflation is getting under control. 0.3 % behind the forecast as reported yesterday.
3. Chinese New Year
4. Taiwan is just a noise
Just my thoughts, not an advice at all.
Regards,
Asky
SSE ( Shanghai Stocks Exchange ) index probably now as “leading indicators” for world’s economic not US anymore..As its index “crashed / bottomed” much “earlier than US markets like its individuals stocks e.g BABA, Tencent, Xiaomi, NIO etc..
If Winter comes, can Spirng be far BEHIND?
SSE has endured a long time of disappointment. However, with the chart pattern - triangle, there is a large possibility that SSE will begin a bull market in the middle or end of 2023. The target is really high and personally I recommend to show hand on this.
Ostensibly SSE in a macro triangle formation. In this scenario we typically find peaks at 786 relationship of one another, At times we find the last leg falls shy of the 786.
** Please not the idea conveys only a potential pattern and how it may complete, and is not intended as a projection of future price action which relies on many factors that patterns and...
I have been on point with my Elliott Wave . this is my best count. I count and measure every single move. What do you guys think about this?? share your opinio
The price return At Extreme UpTrendline And break resistance zone
As you can see.
I highly recommend buying this stock now and holding it.
I expect the price to continue to rise until 3620.2176.
If you like trade At stocks don´t forget Like and Followe
For more Idea.
Good luck everyone.
any questions contact me.
SSE looks like BTC in year 2018.
Price need to break top line.
Then I think we will see very good move UP.
Perhaps all time high.
Don't forget that China is building a new Egyptian capital in the desert. New Cairo.
It is a example what China is doing now and in my opinion stock market will go UP.
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...
SSE
