Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Chinese Indices Still below Ichimoku Clouds

29 sec read

Earlier we had a discussion about the bearish setup in Icimoku cloud Indices charts and this post is just a relook into Weekly cloud charts once again
Ichimoku Cloud Charts for Nifty,Dow Jones, Shangai Composite and Hang Seng Shown. And from the charts it is seen that still Chinese Indexes(shangai Composite and Hang Seng is still trading below the cloud resistance zone it still do suggest a longer term downtrend in both the chinese indices. Nifty is trading above the cloud resitance point 4900 even dow jones too trades above the cloud. Charts are presented below. Click on the charts for a bigger picture

Shangai Composite
Shangai Composite

 

HANG SENG

Charts Gallery of Index Charts with Ichimoku Indicator

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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