Shanghai composite Class A Index: Uptrend signal failed

27 בנוב׳ 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 בדצמ׳ 2015

עסקה פעילה

Perfection.

4 בדצמ׳ 2015

הערה

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 בדצמ׳ 2015

הערה

Downtrend confirms this week.

14 בדצמ׳ 2015

הערה

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

10 בינו׳ 2016

הערה

Sadly, I was right.

15 בינו׳ 2016

העסקה בוטלה באופן ידני

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