Shanghai composite Class A Index: Uptrend signal failed

27 thg 11, 2015

The 7 week uptrend present in the index has failed. Now we expect price to drop back to 3339.463 in the coming 7 weeks or earlier. Minimum target would be 3542.160. If it were to drop below 3339.463, it might reach my 8 week downtrend signal's target below, but for now it's early to say.
Price sits right under the 52 week moving average and has clearly found resistance and lost momentum.
Good luck.

Kind regards,

Ivan Labrie.

1 thg 12, 2015

Giao dịch đang hoạt động

Perfection.

4 thg 12, 2015

Ghi chú

After the strong 2 week selloff, it would appear as it's ready to break above the resistance.
If it does we might see a lower high top soon.
I'll update when possible.

11 thg 12, 2015

Ghi chú

Downtrend confirms this week.

14 thg 12, 2015

Ghi chú

It'll be interesting to see the reaction to 3339 when hit.

10 thg 1, 2016

Ghi chú

Sadly, I was right.

15 thg 1, 2016

Giao dịch được đóng thủ công

Potential double bottom, or at least time for retracement and more downside.