Markets at a glance 20160617

Some markets have clearer pictures, e.g. head-and-shoulder top, break of supporting trendline; while some are not, e.g. DJI/SP500,

island top

 In some cases, people can still able to find an escape door & settle their position within the range of an island top (23rd of DAX); but in highly volatile, it is rather urgent to cut the loss fast enough (23rd of Nikkei 225) without given a 2nd chance/thought to remedy one's position.

Although there is no such topping pattern in hsi, after it has broken 248-249 level, the trend become bearish again ... move from 228 to 256 could be regarded as one of the counter-moves against the main down trend.

Nikkei 225 wk 20150722

I think it can explain the situation better, a quick change is imminent...

Nikkei 225(Daily)20150714

trend line was once broken and now is very likely under re-test

Nikkei 225(Daily)20150626

Although the extension ratio doesn't fit into the 3-drive pattern condition, with naked eye, it is easy to observe a formation of channel/wedge instead.

This makes sense due to its strong bullish trend, either it is a rising wedge (reversal pattern) or a bullish channel (continuous pattern)

time of correction swing is getting longer and longer and on the other hand, time of rising swing is getting shorter and shorter, classic swing pattern told us it is running of steam...

Nikkei 225 wk 20150507 (CFD)

such a wonderful proportion!