FXI:China builds possible IH&SConsolidating the last three years inside this massive triangle, now building possible IH&S.
This demand zone supported very well through good volume, every time price reached the area.
Cheers
Panos
FXI
US/China stocks ratio approaching first demand zoneRatio between SPY and FXI approaching first demand zone, after the rejection at 1,618 fib, backed by negative momentum divergence.
Value area between MA10/MA30 maybe help a possible bounce to 5,44 in the ratio.
Pays to be short SPY and long FXI.
Cheers
Panos
