Multiple trendline breaks, confirming further downward action. Fibonacci goals not quite met, but there is still time. Divergences not present yet.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation...
The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE.
Price reached Fib ( 0.618 )
Price reached Weekly FVG
Good opportunity of long position.
+41.5% if price reached first red line
Good Luck Trader💯💯
.
.
.
.
.
.
🧅Disclaimer :There are risks associated with investing in...
SZSE COMPONENT INDEX
1 - 15827
2 - 17648
3 - 19332
Stop, fixing below 11652
✅ f you like what I do, put 👍 and subscribe
Waiting for your comment, what do you think about this?
Shenzhen Component Index
- Remains solid holding up above its Mid term Trend Support.
- A breakout from its sideways resistant will bring the index to go for Super Bull Run.
- Downside risk remain easily at its Mid Term Trend Support. A violation will serve as 1st warning.
- Long Term Trend Support (Red Line) will be the crucial support in the long run. A...
Short-term short, but overall I'm still positive on this index. That said, this can turn ugly very, very, very quickly as the Shenzhen is the most speculative index in Asia for sure, maybe even the world. Definitely the highest volatility. So, if we do see a short-term pullback, this could quickly be followed by 5 percent gains on the day that the US and China...
1. Back at 2007/2008 Tops
2. At 2015 base formation support zone, broke lower support three times but bears failed to hold.
3. Break of falling wedge and failure to follow through may lead to bullish move.
4. Reached bearish 2.618 fib target.
5. After 6/19 plunge, Markets has been consolidating in tight range and hesitating to decline further - potential signs of...
Chinese index could drop to the trendline within the WXY correction.
This area is located at the 1100-1200 level.
The trade war with US is in the background.
Today is the Chinese public holiday (Dragon Boats Festival).
Tomorrow we could see the gap down.
Invalidation above wave E (2047)
08-30: cross downwards trend line, buy
first support: 1980
second support: 1955
if go below support, out
if any correction doesn't break support, hold
if go above resistance 2055 before 11-17, very positive towards 2220.
