This weekly chart of the YANG /YINN ratio explains the rationale of the demonstration of the market cycle over the period of a few years as it relates to taking a swing trade in one or the
other and finding the likely pivot points based on resistance and support as static levels or
importance. Dynamic levels using an anchored VWAP and also a Bollinger Band are...
YANG on a 240 minute chart had a reverse head and shoulders pattern last summer. Price rose
over the neckline in November and hit an increased trend angle at that time. With a set of
VWAP bands anchored to the neckline cross, TANG had pulled back twice to the mean VWAP
where it found support, the latter of which was this past week. While price is currently...
YANG benefits when the China factories slow down and the economy stagnates
which is the present situation. The weekly chart shows YANG at its highest before
and after covid in 2019-2020. The volume profile shows over the 3+ years most shares
have traded at the present price levels. Price is rising above the POC line of the
volume profile and approaching...
I am seeing a swing trade opportunity on the daily MACD setting up to reverse into positive momentum.
Look for YANG to cross by this Friday or early next week and carry the momentum out for maybe a week.
Daily support is about $12.34, watch this resistance zone carefully, if YANG breaks through could potentially melt up quite a bit, next resistance zone is not...
I expect 3x from here(30 bucks at least)
Thank me later ;)
China cant hide its extreme ticking time bomb!!! (But i love China they are the no.1 country in the world )
Positions: all in at 7000 shares of yang cost basis 9.10
Direxion Daily FTSE CHINA Bear 3x Shares forms bullish "Head and Shoulders Bottom" chart pattern
"Head and Shoulders Bottom" chart pattern formed on Direxion Daily FTSE CHINA Bear 3x Shares (YANG:NYSE). This bullish signal indicates that the stock price may rise from the close of $9.29 to the range of $11.20 - $11.70. The pattern formed over 28 days which is...
The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index consists of the 50 largest and most liquid...
After uptrending from a double bottom ealier this month,
by the volume profile YANG looks to recover to 26.85 which is also a good 50% retracement of
the down trend. Moreover, the uptrend could extend to a second target about 32.
This could be a good swing long setup with a great reward for a small risk if setting
the stop loss just below the POC black...
After rumours last week of China about to announce plans for a recovery, we now have news about Guangzhou being locked down for Covid.
This is a BEAR ETF, meaning the worse things go for China, the more this ETFs price will increase. It is triple leveraged so can go down even more quickly than it rises, so any buyers beware.
More just to let people know that...
There are numerous headwinds to the Chinese economy and normally I would say the CCP would be able to manipulate the mechanisms needed to keep stability, but not this time. This time it is different due to conflicting policies and factors outside of their control.
You have their 0 Cov policy which is causing widespread business disruption as the Chinese vaccine...
Not sure if TA is relevant here, though given the fear engulfing all markets this should continue soaring. Yang peaked at $6821 in 2010 following the GFC . A GFC in China has potential to send this, I don't even know where. This also holds huge risk, so do not make an investment based off of what I say. Never make investments blindly, based off what others say.
Doubled the initial, so I rechecked for another go at it. It is for Vegas gambling money afterall. $20 should be fine. The MACD has me a little spooked, but that's probably why the cheap price. I figure the high end is like $60 from last year, so it was a lot closer to the floor then the roof. Also it appears Evergrande things are finally happening.
Sold:
2 $16...
Title says it all. Fidelity finally approved level 2 options, yay, so to celebrate I went out to find me some calls to buy. I have a trip to Vegas in mid-January, and I need gambling money. I imagine something will happen to YANG from the crash in that time, so I grabbed two 16 calls to be safe for the 21st. I plan to sell three days before my trip at whatever...
