Tim Knight Breaks Down the Three Things That Made Him Short China

Tim Knight does something he rarely does, one chart, one trade, start to finish. It is the anatomy of his short in FXI, the ETF for large cap Chinese stocks, and the three things that drew him to it. One, a decades-long history of tops and drops, every rounded top on the chart was followed by a meaningful decline, and a new rounded top had just formed. Two, a trend line that acted as support for decades, failed, and then saw price rally right up to it and get rejected, support becoming resistance. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 One chart, one trade today 00:40 Why FXI caught his eye 01:05 Reason one, tops and drops 01:50 A new rounded top forms 02:02 Reason two, the trend line 02:30 Support becomes resistance 02:50 Reason three, no US correlation 03:40 Overlaying the S&P on FXI 04:15 Coming to the trade late 04:50 A half-year trade and the target 05:45 The Hang Seng confirms the trend #tastylive #timknight #tradingcharts #fxi #china #shortselling #roundedtop #technicalanalysis #swingtrade #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.