[00:00] Okay, so CSI 300, probably the most important Chinese index, and we're looking at the weekly time frame.
[00:12] And all these colorful bars are TD heat map. It's Tom DeMark heat map.
[00:26] And Tom DeMark created a way to evaluate possible market price reversals where trends are exhausted and might be turning.
[00:40] over here we have we see these long signals there's a whole thing of tom de mark sequential bars with counts of 13 and so forth we won't be going into that now but we did have a bunch of
[01:01] of reversal indicators. And just like any other indicator, they do not, there's no magic in them and not all of them are completely correct at the time of when the signal is fired so some of them are delayed some of them don work at all and you use it as an
[01:28] assistive aid as an assisting aid and not not per se so we did get these
[01:41] reversal signals from this indicator and we did see a low of on April 25th and
[01:53] recently we have also a good volume above this blue line over here we have good buying volume and if we also just show the normal candles in the past five
[02:08] days we had, sorry, five weeks, we had very consistent buying pressure with good volume. This week has only started. We're only there for a day and a half. So it's also looking good. It
[02:24] gapped up the open gapped up above the high of the past candle dipped down a bit didn even close the gap maybe closed it didn go too much down and the buying pressure continues The black line is the 20 EMA so
[02:46] we're past it, and this orange line is the basis of the Donchium channel, which is also an indicator that I'm using here. In short, it looks very strong and this looks like definitely
[03:04] starting a reversal. It's strengthening the fact that on the 25th of April, after an approximate at 37% down from the high, from the recent high, 36.65.
[03:21] This is probably the low, and it might be the low of the year of 2022 for the Chinese stock market.
[03:33] Now, for those that want to enter, since we might be exhausted, We're probably going to go to 4,550 in my humble opinion.
[03:45] We might even go to 4 to close the gap to the low of 26 of July And for those that would
[03:58] like to find a more convenient, possibly entry price at the price of perhaps losing that order, then they can wait for the price to retrace down and hit the 20 EMA or the line
[04:21] of the Don channel at just above 4,200, four to 10. And then their stop should be under
[04:33] low. Some might see it as too distant, so it's up to them. But basically, for those that are buying holders of the Chinese market and believe that the all-time high historically has not been
[04:47] reached and will surpass it at a certain stage, they can easily go for that risk 14 or 15 percent and go for approximately 40% and even more if they want to stick in for the long ride on the Chinese market.
[05:08] Trade at your own risk. Thank you.