10th of July, downtrend will be over for shanghai A index.
Shanghai class A index is coming to a resistance level at around 3166~3280. It also meets a resistance from the bearish trend line. From EW analysis the previous ABC correction might be part of the DIAGONAL TRIANGLES. It will be a good opportunity to go long after the wave E is finished which might go back to 2650~2750. After finishing the wave E, it might bounce...
The Shanghai Class A index is showing some bearish signals at the moment. Even then, there's still a chance to resume the daily uptrend if price marches back up above the recent 12 bar price level at 3140.86. Ideally, we'd see a loss of bearish momentum in the next 3 bars, and then a breakout to the upside firmly closing above 3232.329 ideally, as the first...
Bounce or die. Seems consolidating as did in the past. Take care. Happy trading.
If bear flag equal leg, can see slightly below 2,000
Shanghai Stock Class-A Index will have one more downside wave-E because of descending triangle consolidation type. Green Gap Line & Pink ascending trend Line would be strong Support near the Triangle Crossing Point. This shows only wave image.......SHORT for short-term, and LONG for long-term Nikita FX (climbingfx.jugem.jp )
Here is a optimistic view of the market. There are many potential prices this market could soon bounce off for some time or even bottom on - ideally the oil price also reaches a bottom around the same time. Support levels: 2949 2912 2888 2849 2806 Interestingly the RSI with period 20 has right now a value of exactly 50.05, which also means a...
wait for 11st April then long stock
The falling knife getting close to support around 2,400
In the recent turn of events, the focus of everyone has been shifted to the terrible terrorist attacks that occurred in Paris where countless innocent people were killed, all of a sudden. I don't want to raise fingers and point at anyone, but it draws my attention to the recent bearish scenarios presented in most stock indexes around the world, where a very grim...
in the mounth chart, we are in an Ending Diagonal. last post chart: