The minimum target is the previous major low at 1665. The risk is above the peak within the Bear Flag at 3305.
CHINESE INDEX broke strong support zone (38.2% lvl fibo) and go to the 50% lvl. Working with fibonacci levels
Gold has broken down out of this channel and retested key resistance. Simple trade for 1:3 risk/reward. Dollar movement could make this interesting today due to President-elect Trump's inauguration
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
XGY0 : Future Planning !!! Everything On Charts !!
H&S on 1W. You don't really need TA to see the direction of the propped up China Economy. Global turmoil will reveal China's true economy.
The Shanghai Class A index is showing some bearish signals at the moment. Even then, there's still a chance to resume the daily uptrend if price marches back up above the recent 12 bar price level at 3140.86. Ideally, we'd see a loss of bearish momentum in the next 3 bars, and then a breakout to the upside firmly closing above 3232.329 ideally, as the first...
If bear flag equal leg, can see slightly below 2,000
According to the Chinese horoscope - we have a year of the goat. Goat brings gains on stock markets and peace in the world. Hmmm - if you know the goats - you know very well that it are stubborn and mischievous beasts.
It would seem as if the Shanghai Composite Class A index has topped for some time now, as it completed an explosive wave 3 advance, culminating in an ending diagonal triangle. The correction that is unfolding is a very sharp zigzag, and it should reach the area of support below, where both monthly, quarterly and yearly range expansion bar support meet. This area...
I already took a profit on my last position. I am adding to my position here. Dear old China should take us to our target.
After check some technical analysis and comparing it with the VIX index I can conclude that Shanghai Index hasn't sink yet. The VIX index is pretty low compared to 2008/2009 levels but it's starting to fly again. About it's chart we can see two possible situations. Seems like Shanghai Composite is following 2 main channels. I recommend to take a position after...
The U.S. dollar index is sharply down, following a horrendous day for Chinese equities that did not spark any "safe haven" buying. The 8.48 percent drop in the Shanghai composite was the second worst day ever for the composite since 2007. Traders feared that the Chinese government and the People's Bank of China (PBoC) would pull any assistance to help keep their...
"In an attempt to halt the slide, China has arranged a curb on new share issues and orchestrated brokerages and fund managers to buy massive amounts of stocks, helped by China’s state-backed margin finance company, which in turn has a direct line of liquidity from the central bank." -The Guardian
Nice to meet you, Though I observed here for a while, it is my first post. In 2014 autumn, one member posted comparison between Shanghai Index and Bitcoin price. (See Link) At that time, the author suggested that, Chinese investors will be less attracted to bitcoin because they have more profitable market, or Chinese Stock Market. According to recent data, it...
Broke out from the triangle and has taken a support over previous high on monthly basis ( month not over ) ....The rise has always been an 76 - 79 degree liftoff -- and the fall has also been steep as well ....Will this setup work on closing April basis ...Any red candle on monthly basis in May would signal a correction to lower channel support...