CN1! trade ideas
20190911 Trade idea on China A50 (Update 20190930)Still looking to long....
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
20190911 Trade idea on China A50 (Update 20190918)as shown... until trend line breaks
Previous China A50 analysis....
20190912 #2
20190911 #1
Don't forget to hit the like/follow button if you like this post ;)
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
20190911 Trade idea on China A50 (Update 20190912)Don't forget to hit the like/follow button if you like this post ;)
That's the best way to support me
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
20190911 Trade idea on China A50Daily chart view
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
Chinese market pulling back to resistanceOld support turned resistance after breakdown. Looking to continue bear market for China which should exasperate the downtrend for US markets as well
China A50 - Rebound from the 6 Months LowThe up swing projection as followed:
If price trade above 11004, target 11142 (first target)
If price trade above 11142, target 11367(second target)
Trader please be aware when price trade near to 6 months resistance zone. China A50 has been trading in narrowing trend.
China A50 - Price again found low at 5 Months supportAs market near to end of the year, "window dressing" seasonal behavior have high chance to occur. Major markets have traded approach the previous low and indicate temporary support.
A50 has again trading near to 5 months support as show in the left chart. And higher high higher low set up on the lower time frame. Trader may look for long opportunity with the price target as following:
The up swing projection as followed:
If price trade above 10947, target 11011 (first target)
If price trade above 11011, target 11114 (second target)
If price trade above 11114, target 11280 (third target)
If price trade above 11280, target 11549 (fourth target, major resistance)
Price may correction after reaching any of the above target.
China A50, Hitting 5 Months Resistance.China A 50 have not move out from the 800 points range since July. Recent rally again found toppish on resistance zone priced between 11500 to 12000.
Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low.
The down swing projection as followed:
If price trade above 11420, target 11195.
If price trade above 11195, target 10832 (major supoort)
Price may correction after reaching any of the above target.
China A50 - Hitting 5 Months SupportChina A 50 have rebounded 5 times in the past 5 months when the price reached 10800. The market have not move out from the 800 points range since July.
Yesterday selling again brough the price to this price zone 10800 with a low at 10710 and quickly rebound. Trader please stay at the buy side if price moving higher high higher low.
The up swing projection as followed:
If price trade above 10880, target 10985.
If price trade above 10985, target 11090 to 11155 (major resistance)
If price trade above 11155, target 11429. (Second major resistance)
Price may correction after reaching any of the above target.
