Shanghai Comp. (SSE) -> Please Pay AttentionMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
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In today's anaylsis I want to take a look at the bigger picture on Shanghai Composite.
The Shanghai Composite index is the leading index of China and has been trading in a long term symmetrical triangle for more than 15 years.
Considering the fact that SSE entered bullish into this triangle, I do expect a bullish breakout which could happen in the next 6-18 months and then I do expect a major move to the upside.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Shanghaistocks
SSE (Shanghai stocks index ) probably “bottomed”. 28/Oct/22SSE ( Shanghai Stocks Exchange ) index probably now as “leading indicators” for world’s economic not US anymore..As its index “crashed / bottomed” much “earlier than US markets like its individuals stocks e.g BABA, Tencent, Xiaomi, NIO etc..
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ridethepig | SHCOMP Market Commentary 2020.08.26📌 A quiet few weeks and enjoying the last few days of summer before things get very active in markets for the rest of the year and into 2021.
Global Equity buyers received their reward for their braveness play: overshoots are a weakness.
See diagram below.
The mysterious 2650 lows were held from the Giant Panda (PBOC), when retail threatened the attack down to make the recovery difficult the monetary side played the defence. At the same time, it also makes the inevitable far worse as the energy needed to get back to 2750/2650 is minimal. The book is very thin.
Buyers have made good use of the swing higher, ignoring Covid cases and deaths and totally looking through US/China protectionism. Sellers have played the waiting game and distributed on the test of resistance 3400/3350:
Prepare for a parry away as the ever present threat of covid approaches and puts further lockdown threats in play. The risk of a full blown monetary crisis has put Equities under permanent threat as the weakness comes from confidence. If consumers are not confident enough to return, or will question if clients are even able to meet, then it will not matter the amount of stimulus as the issue is far bigger than central banks.
A strong move here would be to push the tempo and threaten the immediate breakdown. Live portfolio flows and chart updates resuming as 'normal' from Jackson tomorrow.
As usual thanks for keeping the feedback coming 👍 or 👎
Major Highs Cooking for Chinese Equities!📍 In this position, after clearing the knee-jerk reaction from covid flows we are starting to enter into chapter II, heavy protection. The flows have shown strength in drastic fashion; the apparently bottomless wallet of keynsian economics - suddenly showing a surprising amount of animation! You can see the impact of PBOC on Chinese Equities here:
...and now buyers had a simple win by testing the 2983 highs. The retrace idea was as follows; overprotecting a strategically important structure. The reward was to open up a retest of the support which was an all embracing struggle for the PBOC:
In the long run, the positional struggle from CB's will come down to a struggle between healthcare on one hand and restraining capitalism on the other. It is extremely important to strive for re-openings in sensible fashion since the virus is still in circulation and lusts to expand. Health crisis cannot be solved with throwing money at it... not enough time has elapsed so the Stan Erck pump and dump we are watching with Novavax is set to flop and sadly put the final nail in the coffin for Global Equities.
As usual thanks for keeping the feedback coming 👍 or 👎
SHANGHAI COMPOSITE - BUY on DIPS - Triangle BreakoutTVC:SHCOMP gave a triangle breakout.
We advise you to buy on dips from now on.
China is a Buy on the long run.It may go back to 2600 but it's unlikely it will fall below the long term support line.
Shanghai Stock Exchange (SSE) On Decision Level
SSE has reached a key pivot point.
a conjunction of a major falling trendline and horizontal structure constitute a decision level for the market.
taking into consideration current fundamental sentiment, the market will most likely go south!
our confirmation will be a bearish breakout of a rising trendline!
incase of a bearish breakout the market will reach 2750 & 2500 levels!
good luck!
please, support the idea with like and comment! thank you!
ridethepig | SHCOMP Market Commentary 2020.01.31As usual thanks for keeping your support coming with likes, comments and etc... Lets get started with a round of important chart updates coming today (which btw is extraordinarily late after a week ban). I would like you to note the position arising here looks as though its "business as usual" for the dip buyer crowd, whereas sellers are seeking salvation in a momentum breakdown against the support.
The 2793.xx has now been exposed and the base is open for a typical attack. The macro cycle swing down started here when we traded the highs in April year:
As we know, the philosophy of a swing which we have dealt with can wield sound reason for the evaluation of any possible scenarios where flows are involved. But as this example will show, the theory of swings we have widely mentioned in previous charts can also be useful to highlight the notion that battlefields exist.
So we are talking here about an area which is needed to break in order to form the breakdown as a first premise. I would recommend that you try to technically understand the two different sides in play, notably should we fail to breakdown then the swing to the extreme topside with a rebound through the red line as the other scenario (this will come via coronavirus fading). It is possible to remain indifferent to direction without great difficult in the game.
German Equities are now forming a high and already appear to be coming off:
To secure the breakdown we will need Europe and NY to keep the pressure on today, SHCOMP is closed till Monday so gaps expected! Good luck!
Stochastic Flashes Sell, But Has Changed BeforeWhile moving averages at the weekly level only half bullish, the stochastic is now consistently flashing to sell while RSI heads in that direction. While this has been reversed in the past such as 2017, conditions are different. Recently, Trump indicated a trade war detente may not come until June if it comes at all as he threatens to keep tariffs on against the Chinese if they don't clean up their act, summing up his sentiment not my own. Overall, trade wars are for now here to stay and could put on downward pressure on this index as had been the case for mostly of 2018.
If you would like to look at more of my work with more charts, check out www.anthonylaurence.wordpress.com