With the spread of coronavirus rapidly, Shanghai composite index slumped a lot today. However, the plunge of the index brings us a chance to buy at a lower price. Hence, we can enter the trade by holding some relative ETFs. For HS 300 ETF, 1.55 is the reasonable price I'm concerning.
For instance: AIP
Evidences:
1. Demand zone
2. AB=CD
3. 0.382 retracement
SL:
1.5% of equity
Entry: 1.685
SL: 1.531
TP1: 0.382 of AD
TP2: 0.618 of AD
TP3: Point A or higher
