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capri123
Nov 8, 2017 8:23 AM

Shanghai composite  Short

Description

-rejected at trendline again and same megaphone pattern acting as resistance
- 3400-3500 is strong resistance zone

Comment

-ve D and busted top
- update downside target at 3320

Comment

- LOD 3337 and reversed
- watch for lower high

Comment

- lower high, previous low support, still in megaphone range

Trade closed: target reached

LOD 3322 for now ~ not a decisive break down and RSI bullish divergence ~
probably a rebound then will see

Comment



LOD 3315, revise next target to 3280-3300 where greater support there.
Need a move below 3300 for bigger pattern

Comment

LOD 3300 and rebounded ~
Bullish RSI divergence and we will see how strong the rebound is
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