HK33HKD is approaching our first resistance at 28975.3(horizontal overlap resistance, 61.8% & 50%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 27325.9 (38.2% Fibonacci retracement , Horizontal pullback support, 61.8% Fibonacci extension) Stochastic (89,5,3) is also approaching resistance where...
HK33HKD is approaching our first resistance at 29034.0 (horizontal overlap resistance, 50% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 27444.0 (38.2% fibonacci retracement, horizontal swing low support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
HK33HKD Trading Bias: Short Technical Strategy: H&S
1. Still bearish momentum as shown in RSI 2. Pin Bar formed 3. Rejection from 0.618 levels 4. Price action bearish as price could not be maintained above structure.
Hang Seng Index has reversed off our first resistance at 27219.5 (horizontal swing high resistance, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension ). Stochastic (21,5,3) has reversed off resistance and we might see a...
Hang Seng Index is approaching our first resistance at 28029.9 (horizontal swing high resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension ). Stochastic (21,5,3) is also approaching resistance and...
HK33HKD is approaching our first support at 25039 (61.8% Fibonacci extension, 76.4% Fibonacci retracemen, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 28000 (38.2% Fibonacci retracement, Horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might see...
HSI is approaching our first resistance at 27336 (100% fibonacci extension, 78.6% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 25050 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we...
HSI is approaching our first resistance at 26619 (Horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 24316 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching...
Hi Guys, After a very long...long time losing its value HK33HKD/Hong Kong 50 is readdy to move up on the daily. HK33HKD is moving for a climb up to 200 Moving average. S&P 500 will go up later today. All the best and dont be greedy. Share the love and be kind. *this is not financial advice. Just sharing my thoughts and my trade ideas. Love, Kayj9009
Aggressive setup. Tight stop loss. It seems this is still the rebound. Leave your comment below if you have other opinions. Really appreciate that.
hk33 will sell the breakout!! for a short term trade may extend targets will update