China top 50 FXI index seems to have formed a triple topPossible triple top with a targeted move towards 37 level. Possible fundamental driver, new lockdowns abroad which damages consumption and demand for Chinese goods. Technical picture is supported by potential reversal islands at all three tops. Shortby ersuleimen1112
FXI IS CHINA's ETF PLEASE READ WHY THIS STOCK IS GOING UP Chinese GDP expanded by almost 5% on a year-over-year basis ending in Q3 of 2020, signaling sustained economic recovery for the initial pandemic ground-zero. Believe it or not (and I literally mean "believe it or not"), China seems to be ahead the U.S. in terms of coronavirus recovery. China posted an increase in retail sales of 3.3% in September, compared to U.S. retail sales, which grew 1.9% in September (beating +0.7% expectations). Even if you're a short-term trader, you should be thinking about the next bigger trend. You want to buy your position when the stock or the fund experiences a short-term decline and looks like it's going to reverse back up. The ETF is only up by .19 today and the volume is fairly low, however all indicators are showing strong "buy" signals. Today would have been the perfect day to enter the trade but I gathered all the stats after the market closed. It closed at $44.28 and I would not be surprised if it goes up by "Opening Bell" tomorrow especially now with China's COVID STATS published. Remember all trading involves risk. This an idea and an opinion. Longby mthompson451
FXI Head and Shoulders bearish patternHead and Shoulders bearish pattern on daily, below the neckline would be confirmation ($41). The november put/call ratio is 2.75! The fib retracement is at the .50 fib level. Keep on eye on this breaking lower . Good Luck!Shortby hockeysniper1
Daily Wisdom 10 - Stop. Stop it.A walk in the park observing the fractal pattern of trees might yield some inspiration for your trading.Educationby Tradersvoices1
FXI - iShares China Large-Cap ETFPrimed for a bit of sell off due to geo-political reasons and some good old-fashioned TA. Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like this is heading back down to the 0.618 range, supported by the MACD showing bearish signs along with a PSAR stop and reversal looking on the cards too. I’ve set by buy order. $39.12 Over 50% of the holdings in the ETF are from solid sectors (Financials, Real Estate, Communication) that should weather a downturn if things get bad. Short for now. Long after $39.12Longby HolleyIG0
FXI live 30m chartPaths to and fro continues realities. macro superposition involving consciousness energy and time. From A to B one universe, from A to D another. Choices are resolved by the 'love shared coefficient'. Not always correlated with ROI.02:06by astroobserver7
FXI at the crossing pointA or B not A and B A to D passing 39.33 , first week , second week of May Short position. B . Which Thin Blue Line. will be the bounce? That path would be an alternate future. If by a miracle of noble loving people, peace can be inspired, then. . . along the bright path fro box to box, into the summer; beyond, autumn D. D, test the March 03, 05 levels. Winter near, E: A hard top. That Double curve has been resistance for previous peaks.Longby astroobserver5
Short FXI I shorted the FXI early February, I am still in this position. Expect it to continue to drop another 20% to 25%. China has been reporting 0 new cases of the CCPvirus for the past week, while I believe the cases have dropped I do not believe it is 0. They have been opening up many locations such as Guizhou and Xinjiang (East Turkistan), theaters in Beijin, etc. There currently have been many inside reports of new cases within China such as 209 high school students from Jinping having a fever/diarhea. Given Murphys if a single person still has it a second wave will come in, it is likely thousands still have it. While report numbers of 0 is unknown to be true the markets will know for sure after economic conditions, pollution emissions and other factors show up.Shortby leoi1375
FXI LONGTERM WAVEnow perform the w-x-y wave the y wave have complete the b wave now perhaps perform the c wave target see the upper line and the 100% w waveLongby kgshin20203
FXI prepare to Long, buy after re-test breakaway GapExisting Condition: demand Zone had been confirmed. G1: breakaway Gap broke previous downtrend. Pending Condition: Re-test breakaway Gap, After Gap fill, it should not go lower. Confirmation entry: If it goes lower after the Gap fill, do not buy. Buy Above 34.5 and below 34.85 Stop: 34 Target: 37.5 Risk/reward=1:3 Advanced Option Plan: YANG (Direxion Daily China Bear 3x Shares ETF NYSEARCA: YANG) If FXi will go up 8%, YANG will go down 24%; Buy YANG Put in long term. The problem is this 3x kind ETF options are very expensive, you must have the experiences to trade and lock profit at the right time. They are not good to be traded most of the time. Currently, Some brokers do not allow open trade this kind 3x options, they only allow close trade. This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate. In real trade, I use options. Using Option allows me to set my stop behind next fresh demand/supply zone, to avoid being stopped at the same price as other stock traders. Sum of my ideas: 1 winner, 1 loser, 1 active, 7 cancelled, 3 pending for condition, 1 analysis only. Longby PlanTradePlanMMUpdated 3
$FXI could be in troubleSome many out there talking about how strong China has been, but the daily chart looks like it could be a H&S top! Do you see the pattern?Shortby Sanzarific3
Chinese market about to tank 25-35%I have little doubt about this chart. My question is, how will the rest of the world fare when this happens?Shortby supere8
FXI , virus responsebs from China how can it jump up above the 200 ma ? as a bear , i am still stalking this one ...againShortby G13ManUpdated 5
FXI , 5yr cloud shows we are in or below the one year cloud , we are below GAP -py chart show indecision lower highs IF N-Coc 2020 last longer , manufacturing will be impaired IF this still happening , this will drop more quick channel tied to possible shoulder = downShortby G13Man5