Trade Opportunity: Shanghai Composite Index has broken into the weekly Ichimoku clouds and continue to trade well

Shanghai Composite Index Weekly Candlesticks & Ichimoku Chart  – LONG

Shanghai Composite Index has broken into the weekly Ichimoku clouds and continue to trade well. With policymakers determined to channel credit to the right sector and promote growth, the bears are now in retreat. Time to look for opportunities to get long on any reasonable pullbacks!

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

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