China A50 broken trend line.Chinese FTSE could gap a lot on the open as it was bank holiday all week in China. Broken trend line and retested, short option allows a good RRR.
Chinese_index
China 500 (Shenzhen Composite) could drop to 1100-1200Chinese index could drop to the trendline within the WXY correction.
This area is located at the 1100-1200 level.
The trade war with US is in the background.
Today is the Chinese public holiday (Dragon Boats Festival).
Tomorrow we could see the gap down.
Invalidation above wave E (2047)
SHANGHAI COMPOSITECHINESE INDEX broke strong support zone (38.2% lvl fibo) and go to the 50% lvl. Working with fibonacci levels
TAYO @ daily @ worst (-20%) 2016 share market, what`s next ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
58 SHARE INDICES worldwide (2016 Yearly Performance) @ drive.google.com
Best regards
Aaron
