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.
CHINA50 trade ideas
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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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 - 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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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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If there is any specific chart to be reviewed, share the details below and I will try and revert at the earliest
Lets discuss!
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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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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.
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:
