Now we could see clear ABC pattern with A=2C(red lines), if the Kline up breaks B. We can see a clear bull trend with target: 11000-17000 , even higher
3-rd wave now and it will dump to 3127 to be the 4th wave then comes to the 5th wave.
The rally of late has driven prices on the Shanghai Composite (SSE) to a 52 week high, smashing through key resistance levels along the way. Much of this sudden interest in Chinese stocks is all thanks to the Chinese Government egging on Chinese Investors to jump on the bandwagon and throw their money at the stock market. Needless to say, this led to a huge spike...
Bullish if sse closes above weekly resistance, would buy the retest
Bullish if the weekly closes above the resistance, buy the retest.
There is a positive correlation between the US and Chinese stock markets, and the Chinese government can manipulate US elections by manipulating the Chinese stock market. The Chinese government is using its power to raise the Chinese stock index.The Chinese government has boosted the US stock market by pulling up the Chinese stock market. Through such abductions,...
Shares are breaking out to the topside of a long term triangle pattern Long term bottom established at 2650 support
wave 3 has finished i and ii. now time to go up again and form III~V steps. the target is the twice*gap =3028+(3028-2767)=3289 , at least.
A weekly AB=CD, a 0.618 support and a daily pin bar is found A very good chance to guess the bottom.
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...