My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term...
The Shanghai Stock Market is like a financial puzzle, and right now, it's showing us some interesting moves.
First, the rise in the 10-year yield from 3-year lows suggests that there might be changing expectations about economic growth, inflation, or monetary policy. This could be due to a variety of factors such as improved economic prospects, inflation...
China's Economy is dangerously on the ropes...things have gotten so bad, CCP had to make an announcement on a Sunday night (AEST/UC+10) that they're going to intervene in their domestic market with a raft of "measures" in hopes of boosting market confidence:
- Halve stamp duty on stock trading
- Tighten pace of IPO listings
- Cut margin financing requirements
-...
I remember a few months ago there was talk about the Chinese Yuan being the new reserve dollar? Ray Dalio?
The China economy looks so far gone its not even a joke anymore
Government forcing people to not sell assets including banks / institutions
China stimulus debasing the currency parabolically
China stock index failing to grow at all
China no...
Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze the SSE Composite Index on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." The SSE Composite Index is the most important stock index in China, excluding Hong Kong. It is a price index weighted by market capitalization and includes all...
Just an idea of a book trade for wyckoff accumulation schematics #1. If global economy goes down in 2023, we will see the final spring for basically all stock markets, including the chinese one.
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
