Bull market could be in for China according to the Wyckoff method [Video]

Ming Jong Tey Independent Analyst

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.

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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