HangSeng Perhaps some downside from here
Nice Bear move we had as we expected yesterday. It should be a matter of time to close the gap of 23810. Trade Safe, s0nic
Nice Swing Down From 24500. I am seeing the possibility of gap closing. I am standing with Bear. Trade Safe, Sonic
Short term, we are seeing a potential short setup with the current potential completion of a flat structure
It is for sure that it is in runaway uptrend, But we will need to be extra careful as usual as the move up of this week and late last week may be a stop hunt "spring" move. Trade Safe, s0nic
We are seeing a possible Swing down set up coming up in HSI. It will be in line with US FED fund rate. Let see and Trade Safe, s0nic
Buy at supports towards the resist levels
A logical place for support, though, I'm expecting to see it break.
S/R Waves Levels and Zones for coming weeks
HSI is in Bear mode IMO, as US is about to come hard on China exports. (Remember Stocks are leading indicators) I will be standing with BEAR for now. Every Pull Up can be considered as opportunity to Shorts or add shorts. Trade Safe, S0nic
HSI failed to drop further and back to the channel (red parallel line), It is likely to swing Upper lip of 23300 again. I am Standing with BULL for now.. Of coz, result of US elections matter... Trade Safe, s0nic
TVC:HSI Safe Trades;
HSI - Nov 2016 - Sell at Resist levels and Zones HSI is running below the 50 days MA, sign of weakness, the retreat was forecast last month, and it should continues through this month towards the support zones. Wait for confirmation of engulfing red in 1 to 2 hour candle when ever index rebound back to resist levels and zones to confirm the sell trade. profit...
Last week price entered back into the immediate demand zone. A break below this area would see price testing the next support at 22274 and potentially at 21645.