China Bubble with Symmetrical Trending Moves China Bubble with Symmetrical Trending Moves
It's obvious we are looking at a equity bubble in China. I'm not worried where this goes, I'm more interested in where this ends. I want to be on the put side of this ETF. I have most likely missed 2/3 of this price move. Volatility and price velocity will be much greater on the downside, and more money can be made when the bubble burst.
Symmetrical Lines
In this chart example I'm focused on large impulsive symmetrical moves on the downside. Both moves on the downside had similar angles. I marked these previous downward moves and added them to where Chinese ETF FXI brokeout.
Timing the Bust
I'm expecting the bubble to top somewhere between July 13 and August 28 (noted vertical line alarms on chart).
Pattern: Bump and Run
Price Trends
China Bubble Burst is Collateral Damage Around the World
US Bond Market with positive drift
US Stocks with positive drift
Trends
LB breaking outLB made it’s low in 2009 around $10 and has trended well ever since. Price found resistance at 65,35 in December 2013 and pulled back slightly below round number 50. It took several months for LB to return to the uptrend but when it finally managed to break the pivot high in October 2014, price moved really fast and currently we are just above 90 with no clear resistance until the big figure 100.
Yesterday, LB broke above a multi-week consolidation zone giving us an opportunity t add to our profitable positions.
Bear Dominant Trend Still RulesSo, as we have seen PayPal news did have a positive effect on the market, but it was short lived as we tumbled back down again. This is characteristic of being in a bear trend still. The chart that I have decided to do was looking at how up trends and down trends length can tell you the dominant trend of the market. The greater the length means that the market is more inclined to go that direction. For most of this year since the all-time high we have been seeing longer down trends than up. Indicating how we are in a more bear dominant trend. A short time in May we saw a bigger length up trend than down trend which quickly turned into a balanced market before capsizing back down into a bear trend.
RSI is a great indicator to see where the trends reverse. Often it will either peak or bottom and generally head the direction of the trend. During the balanced market phase RSI was just going around 50 (black line) signaling how we were in general going sideways with neither bears nor bulls winning. Looks like we have now fallen, but are slowing the current bear trend. The length of the downs has been getting shorter, meaning there is a possible STOP to the trend that may have a reversal. Yet, RSI is signaling that we may have more movements down yet to come. That would mean going below this month's all-time low.
Indicators
* DC – As the price is underneath the midline it reinforces that we are stuck in a bear trend. If we can get up and stay above that line a bull trend may be in effect. I'm watching to see if it breaks.
* RSI – Overall the only time it went into overbought mode was when we saw that rally back in May. Remaining below that and staying under 50 for most of the time tells me that the bears still hold this market in their paws.
Targets
Bull Target: $422
Bear: 400.16
If you haven't seen it then you should take a look at ibankbitcoins' chart showing a flag pattern. It is dead on so far. Take that BearV lol. I had the same sort of bull inclination, but nowhere near the accuracy of ibankbitcoins. Congratz on a worthy chart. It is linked in the related ideas below.
I talk a little bit more on PayPal news on my recent blog post: www.allbitcointa.cu.cc
PEIX PACIFIC ETHANOL SLOW STEADY ATTEMPT TO WAVE ITS WAY TO ATHIF A COMPANY HAS CONTINUED GROWTH IN A CHANNEL WITH FLAWLESS STRENGTH AND A NICHE MARKET FOR A PRODUCT USED AS NECESSITY IN AN ECONOMY STRUGGLING TO FIND PRODUCTION YET PRODUCE OIL AND GAS WHICH IN TURN GASOLINE RISING AT THE PUMP AND CORN BASED ETHANOL OUR ATTEMPT TO GO GREEN IN A DIRTY BLACK FOSSIL FUEL LOL. THE GOVERNMENT MANDATES A PERCENTAGE IN EACH GALLON OF GAS AT THE PUMP MEANS CONTROLLED COMMODITY THAT EQUALS CONTROLLED GROWTH IN PRICE BY DEMAND AND INFLATION WILL LEAD TO HIGHER PROFIT MARGINS THE STOP I WOULD USE IS A TRAILING DAY BY DAY XYB NUMBER WHICH IS HIGHER THAN THE INDICATOR GAVE US OUR BUY WINDOW IT WILL ALSO GIVE US A SELL STOP TO ENSURE BREAKEVEN HOWEVER I WOULD PLACE IT BELOW THE XYB BY A DIME EACH DAY.
TO ENSURE THAT THE PROFIT IS MAXIMIZED I WOULD USE THE WXT DAILY ONLY ON A CLOSE ON OR WITHIN FIVE CENTS OF THE HIGH OF DAY WITH LOW VOLUME ESPECIALLY. YOU COULD THEN BUY BACK AT 8-10EMA IF IT HOLDS THERE AFTER A TWO TO THREE DAY SELL OFF YOU COULD WRITE CALLS ON IT IF IT CLOSES ON WXT THAT DAY AT CLOSE INSTEAD OF SELL AND SHORT TERM EXPIRATION SO YOU COULD BRING MOST PROFIT OFF COST BASIS INSTEAD OF A SWING TRADE DEPENDING ON POSITION SIZE THIS USUALLY OCCURS IN THREE DAYS OR SO FOR SELL OFF TIME FRAME TO SUPPORT LARGER BLOCKS SELL 70% OF POSITION THEN BUY BACK ON EMAS SO THATS THREE OPTIONS ON HOW TO MAXIMIZE TRADE
1LONG TERM FOR ALL TIME HIGH YOU WRITE CALLS AT WXT ON CLOSE
2 SWING TRADE SELL OFF 70% OF POSITION WRITE CALLS ON 30% THEN BUY BACK ON 8-10 EMA SUPPORT HOLDING FOR DAY OR TWO THEN BUY BACK ON UPTICK DAY COVER CALLS THEN REAVG AND REPEAT TRADE AS LONG AS NECESSARY
3 PURE TRADE SELL OUT IN FULL AT WXT ON FOLLOWING DAY ON DOWN TREND THEN FULL BUY BACK ON STABILZATION AT 9 EMAS REPEAT AS MANY TIMES AS REQUIRED TO CAPTURE HIGHEST PROFIT MARGINS USE LEVERAGE AFTER BEING UP 15% TO FULLY CAPTURE DOUBLE PROFIT POTENTIAL.
This is a pick from the master BILLY 4th of JULY 90 percent correct on his buys... MENTOR TO JACKIE MOON AND MYSELF DOES HE EXSIST OR IS HE JUST A CONCEPT THAT THE WORLD CHASES HOPING TO UNDERSTAND HOW THAT ELABORATE FIXTURE WE CALL HIS BRAIN WORKS ALL THIS CREATED IN THE BLINK OF AN EYE ..... BUY BUY BILLY 4th OF JULY ALWAYS BUY ALMOST ALWAYS SELLS PAST HIGHS
I attached the links to show how the sell from WXT occurs then the support at 9 ema 8-10 stabilizes the 9 initiates buy backs
Still loven' LUVFinally made it over trend resistance and into what I hope is a new bull session.
The technicals aren't perfect, but history doesn't care. Still up in all time highs with more room to grow, if patterns stick I'll have more option money in June.
I think it's possible we could drop back into the previous zone, the volume is not yet there and I'm interested in what Friday may hold before going full throttle.
I'd also recommend generally ignoring the latest news on Southwests' Advertising faux pas p.pw , definitely doesn't look great, I don't think it'll really effect share price.
Id addition, The Street analysts are generally bullish;
"The stock currently has a dividend yield of 0.93%. The company has a P/E ratio of 21.7. Currently, there are 9 analysts who rate Southwest Airlines a buy, 2 analysts rate it a sell, and 2 rate it a hold." p.pw
Set your stops and hope for a Redbull (punny!).
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