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Shanghai Composite Fibo Add Long
This idea was first posted on Dec 10 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as we get closer to the tgt profit level.
Due to request from user tubeSound, Shanghai Composite was analysed and seem to have turned long midterm.
Having cleared the 2.618 fibo level in the previous midterm bear trend, Shanghai Composite looks to have firmly turned bullish , 1st target profit at 3,360 after crossing the fibo 1.618 level.
With stop loss at 2,730, Risk / Reward ranging from 2.5 - 5X depending on entry level. Possible to add some long now and wait for further retracement to 2,850 to add more.
(Note this is in contrast on trading direction with my view on HSI and you may execute both concurrently to have a equity 'hedge').
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
Due to request from user tubeSound, Shanghai Composite was analysed and seem to have turned long midterm.
Having cleared the 2.618 fibo level in the previous midterm bear trend, Shanghai Composite looks to have firmly turned bullish , 1st target profit at 3,360 after crossing the fibo 1.618 level.
With stop loss at 2,730, Risk / Reward ranging from 2.5 - 5X depending on entry level. Possible to add some long now and wait for further retracement to 2,850 to add more.
(Note this is in contrast on trading direction with my view on HSI and you may execute both concurrently to have a equity 'hedge').
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。