week21 ‘ A Grade’ setup for China A50 after a powerful bullish day engulfing. Impending trend resumption

The China ( Shanghai A50) is an index based on A-shares which are companies registered in China.

There have been big stories covered on the revivial of China sotck market earlier this year and since then a strong month to month trend has emerged.

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week21 Shanghai A50 h4 macd divergence bullish engulfing 200515

I look to rejoin this smooth trend and look to the usual price pattern of a bullflag for fresh entries.

There were several things which I saw that suggested strong upside move.

All these things put together inspired a lot of confidence in this trade.

I grade this as A trade also because of the way SL can be clearly defined.

The crux will be getting to be filled by a good price.

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