Bull Market Could Be In For China According to The Wyckoff Method
Based on the Wyckoff trading method, China internet ETF, (KWEB) , could be in for a bull run as it nears completion of Wyckoff accumulation pattern.
Watch the video below and take advantage of the five outperforming China stocks selected from the KWEB ETF constituents as mentioned in the video on top of KWEB for swing trading or even position trading.
The bullish setup vs. the bearish setup is 470 to 95 from the screenshot of my stock screener below. While the directional bias for S&P 500 (ES) is still to the downside, the number of bullish trade entry setup actually increased from last week.
This is a great sign for the bulls as it could suggest the outperforming stocks as highlighted in the live session could have bottomed out already and are on the markup phase E (e.g. uptrend) despite the index like S&P 500 is likely to have another leg down to at least testing the previous swing low or lower. Visit TradePrecise.com to get more stock market insights in email for free.
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On the date of publication, Ming Jong Tey did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
