Long
Chinese equities build stage for strong rally
The SSEC seems to build the stage for a strong move to the upside. We expect slightly more correction as the drop from minuette wave (i) looks impulsive into today's market close in Shanghai. The current retracement may reach the previous wave of minute degree's high or even lower into the 61.8% fibonacci. An interesting setup!
Targeting 3800-3900
S/L 3280
Targeting 3800-3900
S/L 3280
Trade closed: stop reached
Note
-5.75%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.