This pair completed a Elliot wave , with a correction wave ending. The MACD indicator is currently giving a selling sign and The next few month is critical with a bearish downside bias to 9.5 support or lower. And then we will be able to see if a new impulse wave start to gain momentum
Hang Seng index declined over 20% from its peak on 18th February 2021. Then it made lows on 27th July 2021 (at 24 748.84 HKD) and on 20th August 2021 (at 24 851.60 HKD). We are bullish on Hang Sang index and we think current price is very attractive for long entry. Because of that we would like to set medium term price target for HSI to 28 000 HKD. Technical...
As S&P500 and global indices near an all-time high, the Chinese indexes are lagging. Nonetheless, price has managed to recover from its low in May. Now price is pulling back to test the 17750 level. The current pullback resembles a bullish flag.
It is very crucial for the last trading day of January 2021. If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices. 1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened. 2. Being resisted twice by 2019 year high at...
xiaomi has rallied well forming a continuation gap on good earnings, this was followed by an exhaustion gap, now im looking for a panic sell and price to pullback to 19/20hkd which ive charted as a horizontal. gaps get filled 9/10 times, with 20hkd being near original ipo price it makes sense to bounce and strong demand at this price. short from here or buy at the...
I think most people know the Macro drivers for the short. Well, here are technical ones. Good Luck Hong Kong. Shooting Star at 61.8% Fib level. Weekly 200 EMA Previous resistance.
Pattern: Triangle on 1W. Signal: Bullish as the price is pulling back after near contact with the 1W MA50, which has been a bullish continuation pattern n 2016 and 2017. Target: 5.700 (the bottom of the High Volatility Zone and inner Lower High trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Top did come albeit 2 days late, important or not, we will know in next few days. Ideally, i would like to hv seen more distribution between 25k-26k but as pointed out in previous posts, there was high volume selling in the last move up from 22400 so it was bound to run out of gas real soon. Pullbacks should be capped below 24500. Definitely dont want to see...
Markets are controlled by very few. They manipulate as they please. They own everything. banks, hedge funds, media, governments. They are the culprits behind social unrest, Wars, Pandemics. No new law is passed without their approval. They have mastered the art of deceiving the masses and they are looking to further enslave the common. Big changes are on the...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 HKDJPY technicaly based idea, we can see price is bounce from top trend line, strong bearish candels formation,...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 AUDHKD technicaly based idea, we can see price is bounce from bottom trend line, strong bulish candels...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 HKDJPY technicaly based idea, candlels foramtion good bearish, we can see price is bounce from last supp zone...
Hi there. Price is forming a reversal pattern to change its formation. Wait for the price to complete the pattern and watch strong price action for buy.
The pair marginally broke the 1W Support but so far only on a candle wick. Since it has rebounded back above that danger level, we can consider that the Support is holding. The 1W chart has turned nearly oversold (RSI = 27.767, MACD = -0.073, ADX = 36.545) and we treat this as the optimal buy opportunity for the long term. The long term pattern is as you see a...
ENTRY: 13.550 TP: 13.400 TP2: 13.200 TP3: 13.000 SL: 13.650 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!
Hello traders, It looks like a double bottom and possibly a head and shoulders in either direction. Really strong resistance that will need to be tested again. -Live long and profit zm