Bullish FlagDaily chart is forming Flag Pennant, which is high possibility of the bullish trend after breaching out the upper line.Longby leonggw0
More Drops for Shenzhen Component 399001Multiple trendline breaks, confirming further downward action. Fibonacci goals not quite met, but there is still time. Divergences not present yet. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.Shortby Rykin_Capital111
The SZSE Component Index 6/5/22The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE. Price reached Fib ( 0.618 ) Price reached Weekly FVG Good opportunity of long position. +41.5% if price reached first red line Good Luck Trader💯💯 . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅by MLGONIONUpdated 2
ShenZhen Component Index ended its 3 months retracement. Bullish ShenZhen Component Index 3 months retracement ended. Sideways retracement for 3 months without lower lows created. Bullish months ahead. Longby The_3_Lines_Trader_TFM2
SHENZHEN COMPONENTIf it breaks above line, it moves up or if it breaks below line, it moves downLongby trader2n4mmonk0
399001: SZSE COMPONENT INDEXSZSE COMPONENT INDEX 1 - 15827 2 - 17648 3 - 19332 Stop, fixing below 11652 ✅ f you like what I do, put 👍 and subscribe Waiting for your comment, what do you think about this? by Sadovoy_TradeUpdated 2213
Shenzhen Component Index Holding Up WellShenzhen Component Index - Remains solid holding up above its Mid term Trend Support. - A breakout from its sideways resistant will bring the index to go for Super Bull Run. - Downside risk remain easily at its Mid Term Trend Support. A violation will serve as 1st warning. - Long Term Trend Support (Red Line) will be the crucial support in the long run. A violation will mean the index is heading into a Bear Market. Longby The_3_Lines_Trader_TFM0
Overall Long on ShenzhenShort-term short, but overall I'm still positive on this index. That said, this can turn ugly very, very, very quickly as the Shenzhen is the most speculative index in Asia for sure, maybe even the world. Definitely the highest volatility. So, if we do see a short-term pullback, this could quickly be followed by 5 percent gains on the day that the US and China sign a trade war deal which is expected to happen sometime in April. Overall though, I'm net positive. And when that trade war deal comes, that's the day I'll sell because I'm not sure what is driving this Chinese market upwards with follow through given the fact that the Chinese economy is still slowing down which should really put into question why we are seeing such huge gains in their three main indexes. Longby WhiskeyTangoFoxtrot3223
Expecting Short term rebound1. Back at 2007/2008 Tops 2. At 2015 base formation support zone, broke lower support three times but bears failed to hold. 3. Break of falling wedge and failure to follow through may lead to bullish move. 4. Reached bearish 2.618 fib target. 5. After 6/19 plunge, Markets has been consolidating in tight range and hesitating to decline further - potential signs of bear exhaustion 6. Big end of month bullish candle - bull interest/ bears closing positions 7. RSI bullish divergence - market oversold, bears holding onto positions carry higher riskLongby qlenium1
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)Shortby aibek5
cautiously long08-30: cross downwards trend line, buy first support: 1980 second support: 1955 if go below support, out if any correction doesn't break support, hold if go above resistance 2055 before 11-17, very positive towards 2220.Longby wdx6666666Updated 5