CHINA50 trade ideas
Cup & Handle Pattern in the making?
Current S&P China A 50 Index shows a big cup on a hourly chart.
Will this lead to Cup & Handle Pattern formation for the bull to run again?
We use a few time projection tools to derive at timing date at H1, H2 and H3, for us to monitor whether the emerging market will full fill such proposition.
Are you curious how this assumption and projection are made?
[Stability Base formation before next bullish move]
Guided by the geometrical grid lines based on Fibonacci, Gann, Andrew Pitchfork, we make the projection of pull back as shown by the black arrow line, with the corresponding MACD and Stochastic movement.
We will be watchful on the emerging market towards 18th July, 2022.
Market behavior due to collective investors' psychic will follow the natura law of order and harmony as reviewed by the Market Geometry.
Isn't this fascinating?
There will be more discussion in "Buy Low Sell High"
ChinaA50 - Appears to be in early phase of recoveryOn 4th March this year, ChinaA50 broke a long term horizontal support zone @ F and proceeded to head lower until it came very near to the long term trendline support @ G (on 15th March)
For the past 2 months since it was in small monthly range consolidation and this month we start to see a break above last month's high (optimism!). Expect some resistance and consolidation as it approach the 14500 region (support turned resistance) but it is likely to break higher eventually.
I am optimistic that we are starting to see light at the end of the tunnel for the Chinese market, however it could still be some time before we have a stronger trend.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Steve's Gun2Head Trade - Selling CN50USDTrade Idea: Sell CN50USD
Reasoning: Stalling at short term resistance after global indices stalled late yesterday
Entry Level: 13836
Take Profit Level: 13136
Stop Loss: 14011
Risk/Reward: 4:1
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The Chinese are back to work!After they lifted the lockdown, it took only two days to bounce and broke the 1st resistance. While China is recovering, commodities will be on high demand for local Chinese firms which will not suffice exports. There won't be enough supplies for firms outside China for a while from now. So overall, chinese stocks will recover faster than any other AND nobody can stop this from happening!
This is just my fantasy and not your financial advice. PEPPERSTONE:CN50
China50 Finally Time to Buy? Major positive announcements from the CCP today say Chinese stocks soar and the big picture outlook improve dramatically.
Covid stimulus for those companies affected by the lockdowns, cheaper share trading fees, but the big one is the end of the clampdown on the Chinese Tech sector.
Alibaba and Tencent the two biggest tech companies soared and if the government war on Tech computers is over the the chance of a sustained recovery very good.
CHN50 potential for further bullish continuation! | 25th MarchPrices are on bullish momentum. We see the potential for further bullish continuation from our Buy entry at 13591.92 in line with 61.8% Fibonacci Projection towards our Take Profit at 14275.13 which is an area of Fibonacci confluences. Prices are trading above our ichimoku clouds, further supporting our bullish bias.
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