Real estate has made China rich in recent years and decades. Now it looks more like radioactive kryptonite from the DC Comics universe - the birthplace of Superman. Three months earlier, China's house prices fell 0.4% in a month, according to official statistics released in November 2023, the steepest drop since February 2015, according to Bloomberg data . It...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
The Shanghai Stock Market is like a financial puzzle, and right now, it's showing us some interesting moves. First, the rise in the 10-year yield from 3-year lows suggests that there might be changing expectations about economic growth, inflation, or monetary policy. This could be due to a variety of factors such as improved economic prospects, inflation...
Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the SSE Composite Index on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." The SSE Composite Index is the most important stock index in China, excluding Hong Kong. It is a price index weighted by market capitalization and includes all...
China: Morgan Stanley scenario: Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists. China’s GDP could slow drastically, averaging 2% growth in 2023. More than 11 million people could lose their jobs, likely sending the...
We have a confirmed partial rise within this formation and the next step would be to break down to the last levels of interest between the 0.786 and 0.886 retraces.
This is an extension to the Bearish SSE50 setup that I posted not so long ago; I found a tradable US Listed ETF that tracks the movement of the SSE300 and the situation on this chart is pretty much the same as the one for the SSE50 where we are breaking a logarithmic trendline, the moving averages, and looking to make a minimum 61.8% retrace. However, I believe it...
SSE ( Shanghai Stocks Exchange ) index probably now as “leading indicators” for world’s economic not US anymore..As its index “crashed / bottomed” much “earlier than US markets like its individuals stocks e.g BABA, Tencent, Xiaomi, NIO etc..
Just a monthly range Maybe we have bottom, idk R:R isn't perfect but 2 isn't bad
Ostensibly SSE in a macro triangle formation. In this scenario we typically find peaks at 786 relationship of one another, At times we find the last leg falls shy of the 786. ** Please not the idea conveys only a potential pattern and how it may complete, and is not intended as a projection of future price action which relies on many factors that patterns and...
The top 50 stocks in the Shanghai Composite Index look to be collectively forming a Bearish Chinese Dragon which if it breaks down could very well send it straight down to the 1.618 Extension given that there's is only one little Support Zone Below us after the trendline is broken. Given this very great Potential Danger that is visible on the chart i will be...
Thanks for viewing. I'm not a trader in SSE, or an investor. General bullishness since December 2018 has recently been met with some strong resistance and selling pressure. Apart from finding myself here after reading the news today, where the commentator predicted more "risk" in the market, I don' really track this index. I'm not a follower of the fundamentals...
This China index confirmed its completion of ABC when lockdown ended & their economy resumes. It has risen so much from the ABC correction low of 2888 & we may see wave 1 topping out with a diamond reversal pattern. As seen in the past 2 times shown in chart, a diamond can be either a reversal or continuation pattern so proceed with caution. Reasons why I see...
SSE china composite index may have already bottomed at 2863.65 in April. It is now at my yellow pivot zone. It may go back down to retest the low. 2888 is a very impt FIBO level, exactly @0.786 retracement & is also coinciding with exactly 0.236 of my Fibo strategy on 2 separate retracements. It is highly probable that SSEC may rally on early June. It may reach...
Disclaimer: This asset is not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could be TOTALLY WRONG. If my view changes in the future I am not obligated to update this idea or publish a new one.
This Chart Suggests That China Will Help Russia A negative mood in China could be reaching an extreme. Reports over the weekend are stating that Russia has asked China for military and economic assistance as its invasion of Ukraine gets bogged down. A new Sino-Russia friendship pact was formed just before Russia launched its assault, with Putin and Xi Jinping...
I see a lot of interest on my Bitcoin vs U.S. indices fractals and that motivated to make more seemingly 'odd' comparisons that end up to interesting findings. One such interesting finding is the comparison of Bitcoin (orange trend-line) to the Shanghai Stock Exchange (black trend-line). Everyone in the crypto world knows how strongly the Chinese government has...
SSE ( Shanghai Stock Exchange ) chart. Shown it might completed its long term "Bullish Triangle" pattern. The Western media especially U.S Media have been debating China's Doom since many decades ago to recent "comparing" U.S Lehman brother with China's Evergrande .By checking SSE and SP500 chart.. Maybe The American should be "more worry" about their own "backyard"..