a bit bearish, but I believe we haven't really understood the impact of the coronavirus yet
hey traders, on Shanghai Stock Exchange the market has recently dropped with a gap. now it recovers and most-likely the gap will be closed. what is important here is the fact that the last candle close before the gap gives a strong resistance for the market. so even in case of a 100% recovery, the market can drop just after the gap will be filled. good luck!
Test support before bouncing
SSE composite has unhesitatingly broken above key structure resistance and I believe that now we can expect further bullish continuation. Target levels based on the structure. Key levels: 3150 3200 3250
Looking at the chart, a trade deal is possible as the trend is clearly up.
Last year, I analyzed the prospect of A bull market in China's a-shares. The current view remains the same. In the next 10 years, China's stock market will be the hottest asset in the world. Logic is as follows 1. The globalization of a-shares is accelerating, and the new foreign capital access system leads to more capital flowing into a-shares. Msci, s&p,...
Basic method: Harmonic pattern We will see upward move until 3840 ( if we will see butterfly pattern ) and 4200 ( if we will see crab pattern ) and after this move we have a downward move to 3600 or 3400 this idea is not true if it will come under (d) point ( app. @ 2675 ) critical dates: 12/11/19 , 5/8/20
China's SSE Composite looking scarily bullish on the weekly. A bullish symmetrical triangle on a strong overall trend. Hmmmmm could be fireworks. Maybe Trump really knows that America and the West are economically stretched and in threat. Check out DJI for the other side of the story.
There is a potentially harmonic pattern on the ShangHai index weekly chart
SSE:000001 Fibonacci y nada más a este índice, bien simple, rápido. Abre sobre el 0,236, sube +1,78% por ahora, tremendo luego del acuerdo con USA. Resistencia histórica por ahora lo limita en 3030, veremos si la supera para continuar al alza
The Shanghai Composite has bounced from the lower portion of a historical range on the monthly chart. This lower portion was around 2400. The upper portion of this dynamic range is roughly 4400 to 4600. This is also where horizontal resistance and support is. Monthly Chart: Weekly Chart: On the weekly chart we can see that the next resistance for this...