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💯💯
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🧅Disclaimer :There are risks associated with investing in...
SZSE COMPONENT INDEX
1 - 15827
2 - 17648
3 - 19332
Stop, fixing below 11652
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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...
