dchua1969

Dumplings in Shanghai, anyone?

TVC:SHCOMP   上海证券综合指数
The monthly chart of Shanghai index is showing that bulls are a little tired after going up for nearly 30% since March 2016. Look closely at the last closing candle, it is a doji pattern, a signal of indecision between bulls and bears. It can come down a little before going higher or push up a little more towards the 50% FIB level, perhaps matching the opening price of 3536 on 1st Jan 2016 before coming down.
See lower time frame for further explanation
评论: first target hit. nice long green, bullish candle. congrats to those who follow
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