Technical analysis for Shanghai composite, the index reached the first target of the weekly bullish wave, the 1.272 FIB extension at 3725, and started a consolidation. This consolidation formed an…
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Shanghai Composite - Technical Analysis for the index
We publish our technical analysis for Shanghai Composite index when we see technical changes in the charts. We focus on breakouts, technical patterns, key support, and resistance levels, combined with a trend/wave-based analysis.
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Shanghai Composite index Technical analysis, the index formed a double bottom on the daily chart and tweezers bottom on the weekly chart
Technical analysis for Shanghai Composite Index is showing that the index reached 100% FIB extension of the last breakout on the daily and 4H chart around 3330 and formed a…
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Shanghai Composite index – formed tweezer tops on the monthly chart rejecting trend line
The index formed tweezer tops on the monthly chart rejecting descending trend line, signaling a potential pullback. The price broke below the previous low on both the weekly and the…
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Shanghai Composite Index – TECHNICAL ANALYSIS for 2021
Looking at the monthly chart, we can see that the index is in consolidation in a range, that has been forming since 2016. While in consolidation the index bounced from…
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