expect the big fall, CN50USDOANDA:CN50USD
at D time fame, current the time duration already go through and consumed so many days and could be recognize as wave 5, then the ABC should coming
XIN9 trade ideas
Institutional Supply for the CHN50Dear Traders,
Due to demand, I'll upload a few chart ideas beyond the forex markets. Besides the previous post about the DAX, the CHN50 is also looking good for a weekly pullback from Weekly and Daily Supply, both breaking a clean bullish trend to the downside.
The same gameplan is used as for the DAX, which is to show patience and see price-action move a bit higher towards the end of the week before a solid correction in the start of the new year. The Daily chart can be used nicely to spot reversal zones inside of this weekly supply zone, besides that the intra-day charts such as the 1hour and 4hour chart will be applied to create a full breakdown for the CHN50.
Have a good one.
Flood Gate is Open NowThere are still some uncertainty over US - China trade agreement especially in intellectual property, technology transfer and the human rights issue in Hong Kong. These are challenges that would take a longer time to iron out but eventually some form of agreement would be reached, imo.
As seen on the 4H chart, price action is on a bullish trend with minor correction on the way. This would be opportunity for buyers who missed earlier.
1. It breaks out of 14099 resistance level and continue to charge higher.
2. It corrects towards the bullish trend line (green) and then rebound.
Note - if price breaks down the bullish trend line, buying ceases till we examine the price action further. Though this can possibly happen but I doubt the probability of it happening now.
Long China IndexLong on trend retracement. there will be some big news on the weekend so I might close this trade by COB Friday..
Too big to fail - CN50www.caixinglobal.com
Billions of dollars will start to flow into this index , allowing more foreign investors to participate in it. This is good news for all as news of China opening up its capital market is moving in leaps and bounds.
Some of us may missed the bottom when it was at 10,000 in 2018 but no point crying over spilt milk. If the weekly top at 14,835 is to be hit again and beyond, then, that is another 800+ points to profit from.
See you at the TOP
expect the big drop without doubt CN50USDOANDA:CN50USD
currently being in the platform range, there are 4-5 heads already, a big drop/short with break left low is expected in sooner.
China50 finished retracement? China50 finished retracement?
It's very important since here is the dalily support.
if not lower than 13500, we buy.
Time: 9th of Dec.
CN50USD expect 4H/D level up correctionOANDA:CN50USD
after this big drop, 4H/D time fame correction will coming
China 50 Reversal PatternThe daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback.
The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken.
From here, we created and confirmed our first lower high with the break of the neckline on the head and shoulders pattern.
I would watch to see how price reacts at the 13400 zone, but main target would be 13000.
China A50 H&SRSI divergence. Neckline at 13800 round number. With risk-off news from yesterday, the break is likely. Once it breaks, the US and Europe indices should continue lower as well.
Good Luck!
China A50 - pushing towards key support levelsLong OANDA:CN50USD , Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher!
Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center)
IF the RSI support is breached, then look for other time frames, as price could be indicating break in upward trend that's been forming.
Watch out for this space for more action, day to day!
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Cheers
China A50, longChina A50 gave a buy signal on Nov 1st 2019 on day charts, as indicated on charts.
As we see now, price has formed a higher high and we will deep dive into the hourly and monthly charts for cues.
Look out for retracements and if price continues to make a higher Low, then treat it an entry point to buy more
Adding my earlier studies for different perspectives on charts
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CHINA A50...Looks good for upmoveOANDA:CN50USD on weekly charts look good for up move
Some of the important levels are marked on the charts and look out for a few more higher highs and retracements to be higher lows.
Keep an eye on the RSI too. We have not been on the OVERSOLD space and holding up the middle zone
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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...
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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