Hang Seng (HSI1!) is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The dominant pattern is a Channel Down and as long as the 1D MA200 holds as a Resistance, we will continue selling every Lower High.
The structure of the pattern is similar to the 2021/22 Channel Down. Once the 1D MA50 breaks again, we will have a confirmed sell...
Hang Seng (HSI1!) has been trading within a Channel Down throughout the whole year. As the rice hit its bottom (Lower Lows trend-line) on December 11 and the 1D MACD formed a Bullish Cross, we expect the new Bullish Leg towards the 1D MA200 (orange trend trend-line) and the to (Lower Highs trend-line) of the Channel Down.
The average rise within this pattern has...
We did gap up and didn't fill, trapping the late sellers but high volume selling in this up move. Unlikely that accumulation below was enough to carry it to new HIGHS in one go.
It can come crashing down at any moment but if it can get to 25300-500, that will be a very good short opportunity.
Regards
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Hang Seng (HongKong) Index Daily Chart trading Below All its 50 100 200 EMA.
Expecting Support from Weekly 200 EMA Levels 26600.
If Broken Further Downfall can be expected As per the levels on the chart.
Do Your Own Analysis Before Investments.
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You can take short sale Hang Seng Index from 28900-29000
Stop-loss 29500
You will find more trading ideas in SAV Finance community.
Good luck!
Pattern: Channel Up on 1D.
Signal: Bullish as the pattern is approaching its Higher Low and the 4H RSI is on support levels.
Target: 28400 (below the 1W Resistance).
