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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SHCOMP
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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