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Chinaa50

China A50, Hitting 5 Months Resistance.China A 50 have not move out from the 800 points range since July. Recent rally again found toppish on resistance zone priced between 11500 to 12000. Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low. The down swing projection as followed: If price trade above 11420, target 11195. If price trade above 11195, target 10832 (major supoort) Price may correction after reaching any of the above target.
SGX:CN1!Short
by Johnkiew
China A50 - Hitting 5 Months SupportChina A 50 have rebounded 5 times in the past 5 months when the price reached 10800. The market have not move out from the 800 points range since July. Yesterday selling again brough the price to this price zone 10800 with a low at 10710 and quickly rebound. Trader please stay at the buy side if price moving higher high higher low. The up swing projection as followed: If price trade above 10880, target 10985. If price trade above 10985, target 11090 to 11155 (major resistance) If price trade above 11155, target 11429. (Second major resistance) Price may correction after reaching any of the above target.
SGX:CN1!Long
by Johnkiew
China bearish: Buy the trade war tech dip BIDU NTES IQ TCEHY On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff. Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk reaction will eventually take place causing an influx of capital across the market. I cant predict when this would happen or whether stocks have reached their bottom but I consider this another buy opportunity.
OANDA:CN50USDLong
by warrenhochfeld
Ignore the manipulation, play the Chinese Trump card on BTCAll explained in detail on the graph but the simplification of the economic dynamic: Major world market index over the last 12 Months have been highly correlated with BTC (exceptions do take place). On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff. Given China and Asian markets are major contributors to the value that BTC holds, BTC has taken a tumble despite US equity markets being on the rise. Chinese markets will open in a few hours. One would hope considering they are at almost a one year low and under a temporary trade war that a knee jerk reaction will cause an influx of capital across the markets (US markets could be an exception). In my opinion an exponential recovery of Bitcoin is imminent. The suppression of BTCUSD is from a number of temporary factors. I would consider this another buy opportunity.
COINBASE:BTCUSDLong
by warrenhochfeld
Hang Seng to 24000?Hang Seng index has been correcting since late January along with other stock markets. I consider the first drop to 29000 levels as wave A, the later triangle pattern as wave B and the latest break of the triangle as Wave C of the Eliott wave ABC pattern. IF this wave count is correct, then Hang Seng could drop to 24000 levels in Wave C (if wave C = 1.62 times Wave A). Interestingly, this level also coincides with 61.8% retracement level for the bullish wave started from 18240 in Feb 2016. Note: Hang Seng is unlikely to go down that much on its own. Does it suggest that we are likely to see a similar downturn in other markets such as Dow Jones? Let's wait and watch!
INDEX:HSIShort
by ndau
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