The H4 and D1 trend is a clear down. The price is inside the H4 moving average. M15, M30, H1 is all overbought M15 divergence present Stop-loss above 21150
China has been performing well of late as capital flows towards the geography with the most accommodative central bank and increased liquidity. After a solid rally from the mid-May lows were seeing the HK50 print a series of lower lows and highs, although the wicks are getting longer suggesting there is still solid buying pressure into weakness. We see the price...
Trade Idea: Selling Hang Seng Reasoning: 50% fib sell on Hang Seng Entry Level: 21082 Take Profit Level: 20597 Stop Loss: 21195 Risk/Reward: 4.29:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like...
In China, authorities are holding an unprecedented national meeting by teleconference in a bid to boost the economy hit by Covid-19. Investors' concerns about tightening monetary policy seem to have eased. Hong Kong's Hang Seng Index led the strengthening of Asia-Pacific markets today. One of the driving factors was the soaring stock of Alibaba. Premier Li...
Background: H4 trend is down D1 trend is down M30 OB M15 OB Waiting for weakness to sell.
HK50 Intraday Technical Analysis: HK50 took support from 19240 in Asian session with an intraday closure of 19622 in Asian markets. The Asian index is expected to face resistance from this level . my target is the support of 19440 in intraday. My idea is entry at 19600 resistance level with the target of 19400 and 19200 support levels. If you like this or if you...
HK50 cash index opened with a gap towards downside. The price is expected to take support at 19500. My idea is that the price will make a false breakout towards downside and then reverse the trend. My target is support of 19500 with the goal of resistance of 19800 for intraday. If you like this or if you think the opposite of this or if there is any other opinion,...
Hong Kong 50 index continued its downtrend during the hongkong / shanghai session. The HK50 index is trying to find support between 20700 and 20500. My idea is entry at 20500 and 20700 after confirmation of support and my goal will be the resistance of 21000. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the...
HSI1! 2022 MAR 28 Week Continue to watch reaction at 22703. Weakness expected, market may test 20241. Do note that downtrend remains since trendline has yet to be broken and higher low has not yet formed. Weekly: Ultra High Volume very wide spread up bar rejecting lower prices, followed by average vol down bar closing off low, level with previous bar =...
HSI1! 2022 MAR 21 Week 18037 support returned strongly. Wait for reaction at 22703 as market returns to test previous breakdown and channel area. Weekly: Ultra High volume up bar closing on high = possible weakness Daily: Very high volume reversal followed by average volume up bar = strength H4: Market up on reducing bullish volume = weakness Entry...
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HSI1! 2022 JAN 24 Week Last week scenario2 played out as price pull back below 24391 to test supply before uptrend continuation. Market may return to test breakout area Long on pullback preferred. Weekly: Average volume Up bar closing off high = Weakness Daily: Average volume Upthrust bar = weakness. H4: Price came down on reduced volume = No supply Entry...
Drop after Hongkong Open, little correction, almost hit VWAP, and going back to the south.
Important Levels on the daily timeframe. HK50 T3 - 24818 T2 - 24212 T1 - 23718 Pivot - S1 - 23317 S2 - 22919 S3 - 22628
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Hello All, Coming back after a very volatile week is not easy. We should do our best and take advantage of the support and resistance levels.
HSI1! 2021 Nov 22 Week Market again tested 247XX. It was not ready to go up . Trade will be guided by the trend line and will only long if market exits trend line and is supported. If long, wait for price to come down on low volume and find support. If market rotates, stay out If market breaks resistance and turns support = long If market breaks resistance...
The HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants...