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Dec0der

Buying Climax

Hang Seng Index Futures (HKEX:HSI1!)  
Dec0der Updated   
HKEX:HSI1!   Hang Seng Index Futures
Beyond Technical Analysis Hang Seng HSI HSI1! HONG KONG 33 hangseng
7
19
beyondta hsi hsi1! hk33hkd hangseng
Buying Climax underway in HSI.

Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
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I have not seen such one sided bias for this long in HSI in my 2 years of trading. Buyers continue to pour in on every small dip. It could be that the selling seen from 28300 till now is just dump along the way and we are not even at the start of a distribution range.

Looking back at the selloff from 2018, 29k-31k area might be skipped this time and major chunk of distribution might happen above it.

As of now, new all time high looks like just a matter of time.
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I hope not many of you lost too much money in last few weeks. I certainly did. One hard learned lesson i have taken from it is to "Never trust low volume". It can mean anything. I for one have no clue how to interpret it.
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