When the Whole world needs to take some breather , Hong kong is an exeption. Elliot wave count is somewhat tricky but I tried my best. Wave Y (double zigzag) completed on Feb2018 . This index took 2 years time to form its first leg of correction(wave a of 'X' wave) The proceeding Wave b,will have a time target of July 2021 At...
HKEX:HSI1! HSI1! 2021 Apr 05 Week (intraday) Daily = bearish | H4 = bullish / H1 = bullish Last week's short on test of high was only good for 29 Mar as resistance turned support, after which we had to recognize and adopt a long strategy. Demand has weakened, foreseeing the holiday. Strategy remains that green/red zones remain the preferred entry...
HSI1! 2021 Mar 29 Week Daily / H4 = bearish H1 = bullish Price came down to support last week Cognizant of the downtrend, prefer to short on test of high. Like and follow if you find this useful. Have a profitable trading week.
HKEX:HSI1! HSI1! 2021 Mar 22 Week Red/Green zone = preferred entry H4 = price rotation Daily / Weekly = bearish Levels unchanged. Ultra high buy volume came 1, but are these to distribute? Bar 2 sell doesn't yield result compared to previous down bars. So either we continue to see price rotation or there may be long opportunity. Remember to Like and Follow...
HSI1! 2021 Mar 01 Week Red/Green zone = preferred entry What a mighty down move from 22 Feb's alert on selling. On daily chart we see some buying, however note the low volume on buy, so let's watch on 01 Mar to see if more buy volume will come in to support. Otherwise we can see 28078-28168 as test of previous support Previous peak demand zone was at ...
HKEX:HSI1! HSI1! 2021 FEB 08 WEEK 29273 if supported will indicate higher prices. Friday showed that there's supply present still as indicated by bar A closing off its high and subsequent bars closing very near to each other. Let's see if price can break out or more time is needed for the buildup Remember to Like and Follow if you find this useful. Have...
HKEX:HSI1! HSI1! 2021 Jan 25 Week Red Greed zones = preferred entry levels Grey box = price rotation If we look at the daily/weekly chart, the high is nearing 30336, previous resistance. Immediate price watch 29488, 29672 Resistant3 = 30336 (Previous high, supply area) Resistant2 = 30098 - 30143 Resistant1 = 29857 - 29905 Support1 = 29323 -...