The downside corrective rout since Jan 2021 to July 2021 has come to a halt after prices consolidate from August 2021 to present. We may see an immediate upside break as the formation of the ascending triangle gave a very good hope. Either way, support zone 1 at 8.01-8.18 can be an alternative strong buying.
Sub-wave analysis suggest that China Petroleum is heading for a wave -4 correction to the nearest support zone at 3.91-3.96.
Since the breaking out of the descending triangle on 6th Jan 2022, the up trend is confirmed with the Ichimoku heading for a three bullish crossover. However, some weakness is observed at HK$60.90 immediate resistance thus we can take this opportunity to buy at support. DM+ is seen sloping upwards while DM- is seen sloping down below the Average directional index....
I would actually buy in now on the SPX 500 futures. But will be careful to look out for resistance level 1.
DAX has completed it's first round of the leading diagonal. Now it is embarking on a corrective flat. Target rebound at 14,165 region.
I’m still bullish on bank hence I’m gonna take a short term gamble on Goldman
I'm hoping for the best for Netflix, buying at the near bottom of the range!
Island reversal? Bearish evening star? oh well, just gonna wait for selling and rebuy it at the next lower support
Dow shows a complete sub-wave micro phase and currently, prices fails to close above 32,000 resistance indicate a possibility of further correction to 31,427 region before a rebound. However, the resistance zone highlighted in red is also a key. Should prices breaks above, then we will see a completion of wave (II) and prices will then forms the strong 3rd wave
So NIO rebounded last Friday and last night it rebounded as well. However, I have my reservation on NIO rallying up strongly unless it breaks my target resistance zone. However, I will still take a gamble on it.
Overall, Nasdaq is on the downtrend but I think it's just a correction. However, the ichimoku death cross mention previously is still ongoing and hence, I will short after the market rebound briefly.
General motor is showing strong bullish momentum as long as the two crucial support zone is well supported.
Dow's recovery in Asia set up a chance to short further.
Despite huge selling, there are few potential rebounds. So yea, the symmetrical triangle is still intact until broken. Not forgetting the resistance tested multiple times
Cup and handle formation. Today's Wednesday. Lets try our luck to long again.
The tech sector selling is getting strong. Three bearish death cross and prices has potentially break below the neckline support of the rounding top.
Dow selling came to a halt when the earlier Asia session gap slightly higher. Also, Bullish flag on the lower intra-day time frame has been broken, validating the bullish move. First target price will be at 31,500 region.
CGC upside is not over despite an island top reversal. We are aiming to long at the daily demand before we miss another chance. High reward low risk.