$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Con...
Considering that YINN follows the Hong Kong large cap. $iShares China Large-Cap ETF (FXI.US)$ I have drawn a chart for it again. From a technical perspective, a super large level bottom 2B confirmation has appeared. Looking at the quarterly chart at the 3m level, the current position just broke through the bottom structure W bottom. If a healthy major pullback is needed, fibo 0.66, 0.5 still needs the large cap etf to decline by 15-25 points, followed by a long-term bullish outlook.
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Ps: I haven't seen the W-shaped bottom structure many times, so I don't have a good understanding of the specific structure and strength. A 15-point pullback in the large cap market is what I personally consider a serious short-term bear market, so I'm not too sure either.
Added a MACD, a bullish cross below the zero axis, is the quarterly trend slightly bullish?
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