Same old same old. Nasdaq 100 chart with false break preceding current drop could have been lifted out of China A50’s collapse back in June 2015.
3 charts DJ30, China A50 and USDCNH. Price action does not seem like business as usual for me. Let’s hope they don’t set off some chain reaction that will come back to bite.
These 5 lines/levels in China A50 for analysis i.e. bullish/bearish, positive/negative sentiment, pattern broken/not broken. Rather than jump allover the place reacting to price, use these levels to form your own opinion.
So Macron is President of France. It’s time to stop obsessing the election, time to move on to another trade. AUDUSD-China A50-Copper is what I am looking at.
China A50 has broken a big triangle chart pattern. It did a pullback, price action reveals resistance. On the other hand, there are supports to take note.
This is an end of Wk14, beginning of Wk 15 appraisal of the market. I am looking at the AUDUSD, EURUSD, XAUUSD, China A50 and a couple of other trades written about in the past 2 weeks.
China A50 approaches apex of year-long triangle with strong resistance zone on top. With several recent signals aligning, it could do some correction. Pay attention to banks as index is 69% financial.