We have faced progress in talks, but we need to confirm what will be the new agreement in the two biggest powers
I'm personally thinking Long for Chinese equities, but we will have to see how this price level holds up in the near-mid term. See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
China 50 hit target, and it's a 4H downtrend now. When other people started getting crazy, smart move is to cash out partially.
A movement downward is possible. Do not forget to put stoploss above the Bearish Engulfing Bar.
BUY CHINA for an expected new trend to start next year around April 2019
This is my China A50 Pattern Prediction. It will take half of the year to correction.
Qs: - is it draw correctly ? - is this a bearish pattern ? Thank you !
Chinese FTSE could gap a lot on the open as it was bank holiday all week in China. Broken trend line and retested, short option allows a good RRR.
EMs had a horrible time in 2018; however, the downtrend seems to be broken. Price action found its support from the 2016-17 consolidation zone and had since been on a steady uptrend mode. It had broken through the 50EMA with relative ease, and is now about to test the major resistance of 200EMA region as highlighted by the red rectangle. One concern to note is...
China50 suffered a shock of half a year and quickly recovered I thought it was just a simple back step and continued to fall. But repeated observations found the "small secrets" Small secret = the ice line at the bottom is an illusion, the ice line at the top is a trap (you can refer to the S&P 500) But I want to tell everyone that the k-line is the result. When...
China is injecting billions of stimulus into their economy to try and keep the bubble inflated. Don’t be surprised if you see the Chinese market goes bunkers. More ghost cities and islands but this time world wide.