China A50 Stock Index (9/10/17) *Big move to unfold after 18/10
Now China's Golden holiday is over but we still have CCP congress, it is to start from 18 Oct.
It is gonna be THE event of the year as china will be having their own version of game of thrones.
All the Chinese markets shall go sideways (or) bullish mode for now.
What I am interested is what comes after that.
I am seeing that 11,800 level can be easily retested.
If the level is broken strongly,more bearish forces will come in.
The sell scenario shall be more likely by then, as the congress is over and there is no reason for further manipulation or holding on stocks.
It will mirror the movement of HK index as well.
Trade Safe,
s0nic
Disclaimer :
This analysis is purely based on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
It is gonna be THE event of the year as china will be having their own version of game of thrones.
All the Chinese markets shall go sideways (or) bullish mode for now.
What I am interested is what comes after that.
I am seeing that 11,800 level can be easily retested.
If the level is broken strongly,more bearish forces will come in.
The sell scenario shall be more likely by then, as the congress is over and there is no reason for further manipulation or holding on stocks.
It will mirror the movement of HK index as well.
Trade Safe,
s0nic
Disclaimer :
This analysis is purely based on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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