CHINA 50 INDEX Bearish side money heist planMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of CHINA 50 index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
China50sell
Looking for CN50 to stall at resistance.CHN50 - 24h expiry - We look to Sell at 13105 (stop at 13205)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13115 level.
Our profit targets will be 12815 and 12715
Resistance: 13110 / 13570 / 14235
Support: 12640 / 12070 / 11140
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HSCEI DOWNTREND EXTENSIFIESHang Seng China Enterprises Index was already trading on a downtrend due to the real estate problems and COVID lockdowns that were plaguing the country, but the reelection of President Xi and the concerns that more emphasis will be put on political ideology rather than economic growth led to investors selling off their assets, not willing to deal with the uncertainty.
The HSCEI October futures broke the support line of the channel they were trading in and gained even more steam for their downtrend. MACD indicator is confirming the downtrend, while RSI is deep in the oversold area with no prospects to move out of it soon.
If the current downtrend continues, the instrument might try to test levels of around 4300. In the opposite scenario, the price might return to its previous local resistance at 5700.
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