Chinese Triangle Trap

By -

Indefatigable devil that I am, I have been scanning the ETFs for any interesting short opportunities as these nosebleed levels. Looking at the domestic ETFs, I found precisely {checks notes} dick-all.

However, the Chinese ETF symbol FXI looks worthwhile, given the right triangle top that remains quite fully intact. I have shorted this just now with a stop-loss at 38.15. Beneath this chart is a longer-term one as a line chart, to eliminate the gap noise.