20190911 Trade idea on China A50 (Update 20190930)Still looking to long....
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Indicies
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 .
#ALSI From fake moves..........comes fast moves. Trend break and then a fake out. Fake out created some momentum down. PRX & NPN sell off continuing. Weak hands selling after IPO. Normal run of the mill stuff with new IPO's.
#ALSI Bullish within a defined channelMore bullishness possible until we reach the top of a multi month channel.....?
20190911 Trade idea on China A50 (Update 20190912)Don't forget to hit the like/follow button if you like this post ;)
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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 .
#ALSI Possible head and shoulders now in the makingNeckline break will give us a target at the bottom of the range
#ALSI Looks like a potential bear flag averted. It looked like a possible bear flag was in the making, but a convincing break today resulted in that idea being put to rest.
#ALSI Bear flag or not ? Time will tell.Looks like me might be forming a bear flag, but difficult to say at this stage if it is indeed a bear flag. Will just have to wait and see where this one is headed. Lower levels target indicated on chart if bear flag becomes a little clearer and breaks to the downside.
#ALSI Bull trap set and executed to perfectionThis morning was a good example of how a gap can be used to trap over eager bulls. They went for the gap close but that required a break of overhead resistance and more momentum than world markets could offer. The result was a 500 point u-turn that under the right circumstances could extend further.
#ALSI Consolidating before testing lower levels ? Upper gap might be immediate target for bulls, but technically the likelihood of testing lower levels after that looks quite compelling. Watch for a bear flag formation while we consolidate.
#ALSI Technical damageA break of support 1, could open target 2 support. Bulls will have to dig deep to get out of this one. Bearish
#ALSI Downside potential Quite a bit of downside potential still on the ALSI. RR is to the downside for now.