china 50 doesn t look good, head and shoulder looks like forming...tonight will look if i enter the trade, by now i got stopped out because my broker ended contract
Chinese Stock index still in positive uptrend for now on longer term charts.
The recent fire sales on Chinese futures (HSI, Shanghai Composite and CN50) has investors panicking on whether to pull out or buy the dips. My opinion: Recent crackdown on big Crown Jewels has the retail investors going crazy, as when will the Chinese Government (CCP) stop intervening with the financial markets. Truth is, they will always control to prevent...
This might be motivated perception. Whats the thoughts on a head and shoulders?
The pair and the time frame you see is the winner in the INDICES & METALS category with profit factor criteria From 4032 results we have for this strategy : * 1451 results with Profit Factor > 1 * 270 results with Profit Factor>1 and Sharpe Ratio>0 * 19 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50 * Best timeframe : 1m with 18 and 8m...
As S&P500 and global indices near an all-time high, the Chinese indexes are lagging. Nonetheless, price has managed to recover from its low in May. Now price is pulling back to test the 17750 level. The current pullback resembles a bullish flag.
Possible spikes so..Sell Stop.. Levels/Info on chart ...
This is a high risk trade (spikes) but could give a good profit in a short time ..Tight Stop loss .. SELL STOP at 18230 so there is where the trade starts !! Good luck..
CHINA I am bullish on the country, many of its stocks, ETFs and obviously in some way, I am biased so do your own due diligence before following. China's story is way beyond what many read on the news, whatever you can get hold of. You gotta step into China yourself , live there for a while and experience the life there ! It's changes is so dynamic and fast...
Sharp ATR switches usually mean something for true trend followers. The chart shows an important 2H trend switch. As always, with trend following it's not possible to say whether the trend is going to end soon or whether it'll continue for longer. This could even be a minor correction in a daily trend, but how would you know if it's not the start of a new trend...
Without boring you with the economics of wages growth and income disparity across countries, we look at things from the man on the street. Comparing things 10 , 20 years ago seems far for many and these days, we want instant results, instant gratification. Ask any young kids today and their dream is to become an influencer, youtube millionaire. So the bar is...
Head and Shoulders Pattern confirmed
The China A50 index ( click here to see its components ) has been trading in an ascending triangle consolidation pattern for the last 5 years. It broke out in July 2020. From July - October 2020 it's been trading tightly inside a bullish pennant. The last few weeks it's shown relative strength in a relatively weak environment, and now looks to be firmly...
Read this news here USA has 30 trillion , ie . 3 times the market cap of China which shows that at the rate that China is growing, it has 3-5 times the potential of future growth. HK has about 4 trillion right now and with the recent changes made to its policies and China's intervention, I believe for HK to double its market cap is possible in years to...
Again, there is no right or wrong. Some like to buy at support IF they believe it is going to continue to go up. Others prefer a wider margin of safety and wait for the breakout at the resistance level at 15,733.30. What if it reaches this level and tumble down again? So, risk perception differs from different people and since no one can predict with 100%...