Short

The year of the 'consolidated' bull?

Mis à jour

For those who have a background in waves, you will know we are in the final stages of a 5 wave sequence since the advance from January. Only crumbs remain in the move and for my taste it is too late to buy into any weakness as bulls are eyeballing taking profits around current levels.

We should not retrace any further than 2,900 ... however remember that after 5 waves are completed, markets usually consolidate for an extended period of time and this chop can last well into Q3.

For those wanting to clear final targets on the topside the last level in play is 3,257.

Thanks all for the support with likes, comments and etc.

Note

Tracking 3,256 for positions on the downside.

Note

We are reaching the end of the road here. +/- 3,256 reached for the Asian session and I am building short positions.

Note

Highs of the year set here? Smelling like it..

Note

Bears coming in at 3,256 as widely anticipated

Note

-1.60% and counting!

Note

-5.2% !! Well done those on the sell side. I am starting to take chips off the table here. A great start to the week.

Note

A 10% swing trade ..

Note

ridethepig

Aussi sur:

Publications connexes

Chinese stocks under severe pressure from global risk

par ridethepig

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.