It took only 3 months in 2015 May till Aug for the index to crash 45% from its peak but is more than 2 years now and we are blessed indeed to see it pulling back nearly 57% of its previous shiny days. That means it has nearly 15% more to catch up to its previous high.
Notice the nice Cup formed, expecting a right handle to be formed soon (pull back). The fall...
Indices are still running upwards.
A50 has met its support zone at 11800 zone.
This should be a nice support to push it all the way to the top of the resistance zone at 12600.
Should it breaks above 12600, it is SUPER bullish
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can...
Now China's Golden holiday is over but we still have CCP congress, it is to start from 18 Oct.
It is gonna be THE event of the year as china will be having their own version of game of thrones.
All the Chinese markets shall go sideways (or) bullish mode for now.
What I am interested is what comes after that.
I am seeing that 11,800 level can be easily...
I shall still keep my bias on Slight Short side.
Our current position is doing as expect.
Turmoil in US polictic shall bring negative effect on the index.
We will have CHina CCP conference in near future. (pls google for it)
That is going to bring impact.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base...
The stock indexes are enjoying the breather from NK-USA drama.
In my opion, the drama may not over yet. It is more of take 1 step back before 2 steps adavnce.
This index will be met with BIG resistant of 11700 level.
As long as the level is not broken up strongly. I am seeing beaishness on them.
It is still a SELL to me.
Trade Safe,
s0nic
Disclaimer :...
I am seeing nice early signs of weakening in BULL trend.
It may inch up abit higher but it is surely in a slow mo.
Watch out 11600 level as it is very good support and if that level is broken, more BEARs will be in.
Trade Safe,
s0nic
It appears to me that the Hagopian rule is about to play out and we are getting a chance to enter this trade with a very small stop.
The Hagopian rule
This rule is invoked once a confirmed pitchfork breaks without the price ever reaching the median line, what should follow is a bigger movement in the opposite direction.
