What is Taiwan trader's emotion on May 20, 2016?
Let start by looking at 4 hourly chart for Taiwan before this day.
The initial fear started from 20th April 2016, after which it start to pull back and on 28th April, candles start to give tell-tale sign that market is ready to start the down wave.
This down wave lasted till Friday (May 20, 2016), an important date for Taiwan ==> Taiwan swears in Tsai Ing-wen as first female president.
Do note that the emotion lines have not flip convincingly, but the price has stay above the emotion lines on Friday till closed (May 21, 2am)
Intra-day trading, respecting this big event that is happening, but bearing in mind that "T.A" must coincide with the view.
Market open above and seated nicely on the "greed wave". Turning summer on the third candlestick, which is also a bullish buy signal (Bullish Engulfing). Market continue to stay in "greedy mode" throughout the whole trading day with some decent pull back for traders to re-enter or to adjust their position holdings.
On 4 hourly chart, Nikkei 225 turned fearful on 28th April 2016. But this fear didn't last too long, on 10th May, candle start to turn summer and change the emotions of Nikkei 255.
On the same day, 20 May (Friday), Nikkei 225 intra-day chart has also presented many buy opportunities for traders too.