YANG trade ideas
SHORT CHINA, $200 by mid 2020, and higher beyond!Look at this shape forming!
Look at the volumes! No way this is a start of a bear, this is a start of a break out a whole new bull trend!
Crazy, truly crazy! China made a mistake with this trade. Watch how their economy going to start imploding without external capital!
Not to mention Hong Kong, lol, China just got cornered!
This will affect BTC as investors will seek refuge from devaluation of yuan lol
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
Swing trade YANGAfter Trumps tweet of raising tariffs, China's market is temporarily crashing.
YANG is a China Direxion Bear X3 ETF. The index is having great gains.
I expect it to reverse on Friday 10th / Monday 13th. Analysts still expect the trade to happen between China and USA.
At this point consider buying YINN (China Bull X3 ETF).
Other X3 ETF's to consider:
SOXS (Semiconductors Direxion Bear) is on the same path.
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Information
An exchange-traded fund, or ETF, is an investment product representing a basket of securities that track an index such as the Standard & Poor's 500 Index. ETFs, which are available to individual investors only through brokers and advisers, trade like stocks on an exchange.
Direxion Shares and Ultra ProShares are leveraged Exchange-Traded Funds (ETFs) designed to seek daily investment results, before fees and expenses, of 300% / 3x of the performance (or 300% / 3x of the inverse of the performance, in the case of a bear fund), of the benchmark index that they track. There is no guarantee that the funds will achieve their objective.
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Caution
There can be A LOT of volatility trading these Indexes. ALWAYS use stop-loss orders, as well as price target sell-offs.
Happy trading!
PS:
For a list of all 3X ETF's. Go to: 3XETF dot-com
LONG YANG. Inverse head and shouldersWith the "trade war" continuing until the purported deadline of March 1, we can expect heavy volatility until then. The Chinese New Year is coming up on the fifth of Feb and Xi will want to reach a positive outlook before that time. As basically the entirety of China will go on holiday for 2 weeks, Xi will want the people to be at ease about future economic outlook to bolster spending and the economy in the 2 week period.
I believe Trump, on the other hand, will likely leverage this scenario (as he does) to ask for more or not budge from his current stance. Xi will most likely not oblige Trump's "unreasonable" position. The New Year as well as the inverse head and shoulders pattern point to a new recent high.
I expect Yang to go down slightly to around 56-57 before making the climb to complete the other shoulder then breaking out into the Chinese New Year.