The weekly chart here That is a very bullish chart. The daily double bottom should confirm the weekly chart very soon, which is still red at the moment. I am looking at least for the top on this trade.
The weekly chart shows a bullish Taiwanese stock market On the daily chart, we see this ETF consolidating after breaking and retesting the Double top neckline. The histogram divergence is over, and the impulse is green. I am looking for the top.
TAIWAN VS SINGAPORE ETF CORRELATION : 96.85% CO -INTEGRATION : 89 % LONG EWT (GREEN) @ 12.85 SHORT EWS (RED) @ 12.83
Correlation between the ETF is about 95 % . We can see clearly on this daily chart that there 's some divergence. EWT ( blue) seems to be the weaker ETF compare to EWW(orange). In this case I'm shorting EWW and long EWT. Will exit once the ratio is closer to the mean.