Chinaa50
Overextended Asian markets ripe for a bounceChinese markets has remained resilient in the face of a bloodbath in global markets with only a forgiving decline of less than 10%. It has now fell to a major support which is the level it gapped down to when it was in the centre of the outbreak. With that it can be observed that strong buying pressure came in as buyers aggressively defended when 2715 was hit and traders covered their shorts. Thus, there is possibility of a imminent bounce.
The trouble in Chinatown!There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe.
The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really.
I'll say no more here - follow some of the price action with me on the 4H.
China 50 Reversal PatternThe daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback.
The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken.
From here, we created and confirmed our first lower high with the break of the neckline on the head and shoulders pattern.
I would watch to see how price reacts at the 13400 zone, but main target would be 13000.
China A50 - pushing towards key support levelsLong OANDA:CN50USD , Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher!
Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center)
IF the RSI support is breached, then look for other time frames, as price could be indicating break in upward trend that's been forming.
Watch out for this space for more action, day to day!
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CHINA A50...Looks good for upmoveOANDA:CN50USD on weekly charts look good for up move
Some of the important levels are marked on the charts and look out for a few more higher highs and retracements to be higher lows.
Keep an eye on the RSI too. We have not been on the OVERSOLD space and holding up the middle zone
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Shanghai A composite, potential drop!Hello, Dear friends
Long time no see!
China shanghai composite potential drop, 2500 will be the first support if 2870 break, and the weekly RSI is toward to 30.
But I still think it a good time to buy when oversell happens.
Thanks!
20190911 Trade idea on China A50 (Update 20190930)Still looking to long....
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
20190911 Trade idea on China A50 (Update 20190918)as shown... until trend line breaks
Previous China A50 analysis....
20190912 #2
20190911 #1
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
Shanghai A composite, in the key resistance levelHello, Dear friends
China Shanghai A composite index just break the key level ~ 3000, but huge resistance in above, and 4H&1D RSI running in over bought region.
my strategy is retest the below key support level ~ 2830, to see if a reverse H&S could be formed or not.
20190911 Trade idea on China A50 (Update 20190912)Don't forget to hit the like/follow button if you like this post ;)
That's the best way to support me
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
Pre-emtively Short Chinese StocksSo China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc..
The drama will occur again and Trump will spit back with tariffs or measures on a surprise,
so as an anticipation shorting Chinese stocks index is recommended.
SL is set based on shown trend line acting as resistance,
TP on Fibonacci sequence.
China A50 - Rebound from the 6 Months LowThe up swing projection as followed:
If price trade above 11004, target 11142 (first target)
If price trade above 11142, target 11367(second target)
Trader please be aware when price trade near to 6 months resistance zone. China A50 has been trading in narrowing trend.
China A50 - Price again found low at 5 Months supportAs market near to end of the year, "window dressing" seasonal behavior have high chance to occur. Major markets have traded approach the previous low and indicate temporary support.
A50 has again trading near to 5 months support as show in the left chart. And higher high higher low set up on the lower time frame. Trader may look for long opportunity with the price target as following:
The up swing projection as followed:
If price trade above 10947, target 11011 (first target)
If price trade above 11011, target 11114 (second target)
If price trade above 11114, target 11280 (third target)
If price trade above 11280, target 11549 (fourth target, major resistance)
Price may correction after reaching any of the above target.