March 28, 2018
Many worry history will repeat again; October 19, 2018 Black Monday Crash!
From the bullish trend that continue, and now the price action begin to weaken. The market is finding a reason, a good reason speedy sell off. If this really happen, the history repeat itself after thirty year. Sorry do get us wrong here. We are asking you to be very careful on your trade. Stop thinking of buy high and sell higher. It has worked for you in the last couple days, weeks or months. Or it may continue to work for the next few days, weeks or months and even years. But just be prepared. You have seen with your eyes, at least from the start of February this year, you no longer enjoy the buy high and sell higher. See chart for more, picture worth a thousand words.
The last incident was in 1987, the crash started from the east, Hong Kong. Be very aware and careful, if you see a long or big down bar. Call out loud!
Thirty years ago, on October 19, 1987 the stock markets around the world crashed. The day October 19, 1987 was named Black Monday in financial market. The crash started from Hong Kong spread to west, Europe and ended in United State.
Picture worth a thousand words, see chart we see a bull trend, strong bull trend continue from 2017 into January 2018. But the bull suddenly got bitten up by the bear, and disappear. Although the bull try heard to fight back, see chart. But fail. … See a beautiful butterfly pattern. Trade with eyes open, will a lower low form later.
Note:
Sorry, we are not saying the market will crash. But we look left and plan right. We just share with your the chart on the 1987. With a powerful chart software like AmiBroker as long as your have the data you can plot the chart for your own analysis. It is also the greatness of Yahoo!, the data come from Yahoo!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. Anything, finance ticket you could download from Yahoo! Finance you could plot them, those you are interested all in a chart, so you could analyse them.
^HSI Hong Kong Hang Seng Index Charting on Black Monday 19 October 1987
Picture worth a thousand words, see chart for more.
Black Monday and Hong Kong Hang Seng Index
Hong Kong Stock Chart Analysis
^HSI Hong Kong Hang Seng Index Charting
March 28, 2018 Hong Kong Hang Seng Index Butterfly Pattern
Moses China Stock Chart Analysis
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.