Cup and Handle has formed on Daily with Hang Seng. The breakout was strong, and if we weren't in, we'd wait for a bit of a pull back for a consecutive entry level. 7>21 < 200 Moving Average which gives it a Bullish bias. With the Covid restrictions lifting slowly and things finally showing a recovery to come for the economy, this could be the helpful catalyst...
Hong Kong Stock Index (14 Nov 2022) HK index is in the pull back phase and I reckon it shall continue for quite some time. 18,000 is a good strong resistant but the pull back down shall be mild. The nearest strong support is 16,000 and it shall go higher and higher again. 19,000~20,000 will be the strong resistant region. Then, we will talk about what's...
Hangseng looks bullish. There are 2 bull patterns just ended, so it looks about 40% up at least.
4th wave pullback(upside) is started in Hongkong index from 1st Nov'22 wait for correction until 14th of Nov, provided 15880 should be protected (SL) After B wave correction ,if limited to 15880 then buy a ticket after 15th Nov for your upward journey till Jan23
Hong Kong’s Hang Seng Index have backed to “square one”?.. As its price slightly below its 25 years level ( 2020 - 1997 ).. BUT chart tell me different stories as I trade what I see “first” then what I think “second”.. where my “thinking” possible have bias and prejudice. You probably see lot of “doom” comments from western media or “westerner educated”...
The Hang Seng Index has been going through a constant change of ups and downs. Going into November, we are expecting the index to drop down to ideally 13 715 points and make its way up again. As long as it stays within the green area between 14 451 and 13 119 points, chances are high of the HSI going up to 18 772 by the end of this fall.
Traders, I have been covering indices in depth latetly and what I see a common pattern is that US Indices has started to bounce back. US3 has been gaining for last 3 weeks or so, SnP500 is lower but gaining and NASDAQ is the only one which gained slowest. Hang Send Index (HSI) has reached 2008 levels but forming an M pattern. It is now inside an FCP zone which can...
Over the weekend, a lot of synchrony and less optimistic outlook was posted. So, here we take the opposing view and look for when the Hang Seng Index might bounce off what it finds as a bottom. From the weekly chart, it is very clear that the HSI has had two consecutive hard years, since 2021. An early January rally fizzled out and downdrafts take over for the...
The Hang Seng absolutely melt down on Monday, most people explained the selloff as the disappointment in Xi and his royalists taking complete control of the CCP, or the market is disappointed because there is no lifting of COVID restrictions after the 20th party congress....IMO, both of these are or should be well expected, the people's daily actually published...
daytrade on M5 or M15 Timeframe. this kind of chance is rare. wait london traders open might cause volatility and re-bounce fix. RM3-RSI divergence-BUY, looking for 1.5R, put 2 trades. trade all ideas on live.
Price action and chart pattern trading: a possible rebound scenario > Elliott Wave projection - falling zigzag ABC correction wave channel now at C-wave 0.786 extension of A-wave at the key level support. > Downtrend target reversal position of the major top HEAD & SHOULDERS with double bullish divergence signal > Target rebound > SMMA 50 key upper resistance POC
With China opening up and realizing a zero Covid policy doesn't work we should begin to see the country get itself back on track. In addition, China will be buying millions of barrels from Russia, soon. I've attached my levels on the Hang Seng Index. Keep an eye on those ADRs BABA, JD, NIIO, etc.
No good news at all as the HSI drove off the cliff... The weekly chart shows that two weeks ago, the support was broken, and all technical indicators are bearish. The Fibonacci projections put the downside target at 14,600. A very substantial downside burn. Only green shoot observed is a possible bullish divergence forming... The daily chart shows the...
For personal interests, analyses on the HSI will be initiated... The weekly chart closed on a bearish note, at a 5 year low. Close to a suuport at 19,200, if it breaks down -250 points, there would be more downside to the last low of March 2022, at 18,235. As with many of the analyses done this weekend, a lot of indications that the last low will be...
Last week HKEX:HSI1! rallied to 20300 previous week low volume area then got sold off towards 19450-ish, previous daily excess, where seller couldn't find traction. Buyers stepped in and ended OTFD and created three sessions of OTFU into 20300-ish and again got rejected, which left weekly OTFD continued. Looking ahead, with the Belt, aka @spacemanbtc creation,...
The belt created by @spacemanbtc rejected $HSI breakout and created weekly OTFD. From the perspective of market profiles, weekly imbalance indicates bearish sentiments among traders and further downtrend expected. Theme: STFR Bulls target: reclaim 20633 and tackles above 20985, but note that top belt is leaning lower Bears target: stay below the single prints...
HKEX:HSI1! Failure to take out previous VAH led to sell-off down to level near the single prints created on Monday. Week ahead, pivot would be 20868 Since the huge excess 21192-21600 has not been untested, the sentiment for upcoming week favours bears and remains sell-the-rally mode until aggressive buyers take out that excess, which I doubt. FOMC may be the...
✅HANG_SENG_INDEX is trading in a downtrend And the pair is now retesting a resistance cluster Of the falling and horizontal levels So I think that we will see the price go down In bearish continuation move SHORT🔥 ✅Like and subscribe to never miss a new idea!✅