Neither the marco economic environment or the D/W time, shortOANDA:CN50USD
inside the 1H/4H triangle pattern now , how expect it break up and turn to long trend? very low possiblility for that.
it takes time and expect a big drop soon...
CN50 trade ideas
China showing bearish divergenceFOREXCOM:CHN50 showing bearish divergence where Price makes a new high and RSI fails to make a new high
Open short position given the specs on the chart
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CN50USD -Ascending triangle formationChina 50 creating a Ascending triangle formation, watch out for divergences going ahead on RSI and price action. Also, ROC over 0 In the positive direction may encourage upwards trend and otherwise in case of sub zero.
Watch out for trends on movements
We are approaching climax and breakout zone and in the Set up stage now . Interestingly, on Daily charts, CQQQ, the technology index for CQQQ tried to make an upward move but came back in zone too. but approaching climax zone. It will nice to see how they all develop going ahead.
Look out for more in this space
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Bearish Idea on FTSE China A50 by ThinkingAntsOk4H CHART EXPLANATION:
We observe that price has bounced at the Daily Top level and was rejected strongly. We are waiting for a breakout of the Ascending Trendline to take short positions here. In the short term, the potential targets are the Support Zone, and the main ascending Trendline.
SKY is the limitLook at this huge weekly abcde triangle pattern. Waiting for the break and have a huuuuuuge wave to the sky.
Also the PE ratio of CN50 is just around 9 which is less than half of Dow. Woooo!!!
Short Vision on FTSE China A50 by ThinkingAntsOk4H CHART EXPLANATION:
At this moment price is facing the Support Zone at 13400. We expect a little consolidation here to continue the downside movement. The short term target of the move is the Bottom of the Triangle Pattern. Long term targets are explained below on the Daily Chart.
DAILY CHART:
Short Movement Expected on FTSE China A504H CHART EXPLANATION:
The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.
DAILY CHART:
China A50 Stock Index (It is swing higher first)View On China Stock Index (23 Aug 2019)
The index uses we are in the bullish rebound move and it will likely go further first.
I expect it can swing higher to 13,800 to 14,000 region.
Do not short (or) hedge your short as it can swing higher first.
DYODD, all the best and read the disclaimer too.
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CHN50 - Expect to retest Bottom and new Bottom* 50% for predicting.
- Weekly:
- Daily: Reject again.
- H4: has a signal.
China 50 Head and Shoulders?Seeing some weakness here on the China 50, as the buyers bid to make a new higher low has yet to succeed. If we break this 13800 zone, it will be a break of a flip/support zone. Indicating there is no strength with this break out. Be patient and await for the candle close.
Here is how it looks like on the 2 hour chart:
The head and shoulders is very clear. Still would await for a nice and strong close below this zone.
13500-600 is where I would see another flip zone acting as support.
View on Chinese YuanI forsee around 13108 region gonna reach soon
Yuan is showing signs of weakness at the moment
but nothing is 100% guaranteed / we should have proper risk management /
Pre-emtively Short Chinese StocksSo China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc..
The drama will occur again and Trump will spit back with tariffs or measures on a surprise,
so as an anticipation shorting Chinese stocks index is recommended.
SL is set based on shown trend line acting as resistance,
TP on Fibonacci sequence.
China 50 Possible Head and Shoulders PatternWe have had a recent downtrend to the 13400 zone where it looked like we could see an inverse head and shoulders to the downside.
However, we failed to break below. Now we are attempting to create a head and shoulders pattern to the upside. Waiting for a break above 13700 with a nice close.
Equities seem to be ready to get a boost from world central markets with the promise of more cheap money. The ECB is tomorrow and they are likely to cut rates even negative and provide more stimulus. The US Federal Reserve is then on tap to do the same next week on the 31st.
The Chinese markets may have other issues. Talks of a banking crisis with Baoshang bank, and other economic problems...China's last GDP reading of 6.2% was the lowest in 27 years.
CN50 - Possible Head & Shoulder formationOANDA:CN50USD
Trade Idea
CHN50 - Intraday - We look to Sell at 13650 (stop at 13750)
Short term momentum is bearish. Price action has posted a Doji candle and is neutral for short-term sentiment. Bias is mildly bearish today but we need to see a break of 13300 to confirm the downward pressure. In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower.
Our profit targets will be 13350 and 13150
Resistance: 13600 / 13700 / 13800
Support: 13320 / 13250 / 13150
China's A50, same pattern repeating add bullish failuresSHS shs failures
Will not trade, long other Equities
Stagflation - US and global recession in 2020Stagflation
Last summer, economist Nouriel Roubini and Brunello Rosa identified 10 potential downside risks that could trigger a US and global recession in 2020. Many involve the United States.
Trade wars with China and other countries, along with restrictions on migration, foreign direct investment, and technology transfers, could have profound implications for global supply chains, raising the threat of stagflation (slowing growth alongside rising inflation).
Oil risk
With Iran sanctions and the Gulf of Oman tanker attack, we can add potential oil spikes as a supply-side risk. Oil price rise could threaten aggregate demand and thus consumption growth because tariffs and higher fuel prices reduce disposable income.
While there is no one way to predict a recession with technical analysis, there are ways to begin tracking multiple indicators that may collectively stand a much higher chance of predicting accurately the probability of one within a given time frame.
The slope of the yield curve
Yield curves don't typically invert. When they do, it creates an anomaly worth looking at. An inversion occurs when the yield on short-term Treasury securities exceeds the yield on long-term Treasury securities. While it might not seem like much at first glance, the inverted yield curve is actually a rare occurrence that can act as the bellwether for an economic recession.
For more information please refer to my analysis: Yield-curve-Employment-rate-VIX-Volatility-Buffet-Indicator/
The Boyds economic recession model is triggered by a yield curve inversion (seen as red on the graph).
Employment rate
In contrast to a narrowing of the spread between short- and long-term Treasury yields, a low unemployment rate usually suggests strengthening economic growth. However, historically, a trough in the unemployment rate also tends to be a reliable predictor of a business recession. Both the Civilian Employment-Population Ratio and Continued Claims (Insured Unemployment) are at all-time lows. We need to watch carefully because once a recession begins, unemployment rises sharply.
CHINA A50 Short Vision by ThinkingAntsOk4H CHART EXPLANATION
After the downside movement triggered by the Trade War price consolidated on a corrective pattern, and it may be finished. We will wait for a breakout of the structure to take short positions.
DAILY VISION:
