View On China Stock Index (23 Aug 2019)
The index uses we are in the bullish rebound move and it will likely go further first.
I expect it can swing higher to 13,800 to 14,000 region.
Do not short (or) hedge your short as it can swing higher first.
DYODD, all the best and read the disclaimer too.
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There are 2 areas where I would trade this.
A retrace back to 104.750 or a short at 107 zone.
Of course, It would be best if it retrace first then short it later.
Key Resistance
- 107
Key Support
- 104.750
Bullish
The level that holds the bear has been broken
Let's wait for a retrace and buy "low" and ride it upwards.
Key Resistance
- 136
Key Support
- 131 ZONE
Bullish at the moment.
The momentum for the upmove is strong.
Expect it to stop at 1.502x level.
Good LRE to take a short trade there.
Key Resistance
- 1.502
Key Support
- 1.48
- 1.47
Bullish
Price action is still showing higher high and the momentum is not stopping.
I am bullish as long as 77.85 zone holds.
when price is back to my desire level, I will wait for a good momentum candle to take a trade.
Key Resistance
- 80
Key Support
- 77,85
