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.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD extends gains toward 1.1400 after German sentiment data
EUR/USD stretches higher toward 1.1400 in the European session after upbeat German business sentiment data. The pair's solid uptick could also be linked to the latest leg down in the US Dollar as concerns re-emerge over Trump's tariff plans with China and Japan.
GBP/USD holds firm near 1.3300 on intense US Dollar weakness
GBP/USD rises further to test 1.3400 in European trading on Thursday, snapping a two-day losing streak. Uncertainty over US President Donald Trump's tariff plans returns and sends the US Dollar sharply lower across the board, suporting the pair. Mid-tier US data awaited.
Gold price trims part of intraday gains, still well bid above $3,300 mark
Gold price regains positive traction as fading US-China trade optimism revives safe-haven demand. The US economic worries and Fed rate cut bets undermine the USD, also benefiting the commodity. A positive risk tone might hold back the XAU/USD bulls from placing aggressive bets and cap gains.
SEC Crypto Task Force plans to establish digital asset regulatory sandbox
The Securities & Exchange Commission's Crypto Task Force met with El Salvador's National Commission on Digital Assets representatives to discuss cross-border regulation and a proposed cross-border sandbox project.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.