Based on the above daily chart, I am making a bold prediction that the HSI has bottomed in Jan 2024. We can see clearly the breakout from the daily chart. What's important is the support level at 16,194, a critical support level that must be maintained !
I will be slowly accumulating this index . Also, watching banks stocks and some tech stocks as well.
Please DYODD.
Our AI system detected that there is an ICT short setup in HK50 for scalping,
Please refer to the details Stop loss, Supply Zone(Sell Zone), TP 1 and TP2 for take profit.
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Have a good day!
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That breakout from the bull flag is coming in HOT. 🔥 TVC:HSI
Bullish sentiment is heating up in the Hang Seng Index.
The confirmed breakout can push prices to our target mapped out in the charts
TVC:HSI $17,000 has been a big resistance. It is on the verge of breaking out. Once it move above 200 DMA, it could head to 18,500.
NYSE:BABA AMEX:KWEB 👀
Based on my previous monthly chart, the trend has bottom at the hidden lines, and now switching to weekly chart, the trends has hit upper resistance.
It may be a breakout for HSI to pursue further uptrend if it can maintain above the resistance line.
If referring to Daily chart, the price is almost hit MA200, further up will test resistance at 18100.
Since March 5, HK50 has been ranging between 16122 to 17101. This is mostly due to the lower volume of trade. Last week it looked like we might finally see a break thru between range; however, it still failed to close below 16122 level.
This week, overall, I am bearish for HK50. However, watch out for the first day of spike up to grab more liquidity. Once the...
Hello everyone,
The markets are slightly ruffled lately and there is an opportunity to short HS50 on Monday.
Trend:
W1: Up
D1: Down
H4: Down
Moving Average:
Below the Daily MA
H4 pointing downwards
Pattern:
Gartley on M15
Strong resistance at 16450.
Target is 16000
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.
We are at a decisive point here as the drop has been at an important support. If it continues to break, we will continue with the downtrend. But the uptrend scenario is still the preferred one: with the leading diagonal and a 3-wave correction. If the bullish scenario is correct, we should have a strong bounce from here. Once it breaks above the resistance, we...
depending on market structure the price is broken the important levels on 4H TimeFrame, when the correction occurring at level 16744 will put a position at level 16621 and the first target at 16320 with suitable stop loss level.
Here is a perfect SELL opportunity for the HK50... You can see the market has not broken pass the trend line to the upside for over ONE YEAR!
The other support trend line has been broken which indicates that the market will continue to head towards the downside...
The current price also rebounded off the 61.8 fibonacci level which is a huge sign that the HK50...
TVC:HSI Looking like it will finally break above $17000 on weekly close and make a run to $19,000.
Watch NYSE:BABA $KWEB. Both of them are at the critical pivot area.
China's inflation data Yesterday was not good, but the index shrugged it off. It is a sign that the market might be thinking China has bottomed.
HK33HKD - 24h expiration
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Trend line support is located at 16530.
Preferred trade is to buy on dips.
Trading within a Corrective Channel formation.
Risk/Reward would be poor to call a buy from current levels.
50 4hour EMA is at 16720....
This week has been a really slow with no clear direction. It closes with a doji candle.
For this week trade idea, It will be roughly the same as last week. Buy above 17101 and sell below 16127. If you want a more aggressive buy, depends how the first 4 hr candle closes, buy above 16906 is also a choice.
