The rally at the end of this Friday's close was systemic. It was the news that the U.S. president (after the markets were already in anticipation as he had tweeted there would be significant news). The press conference was not positive. The things that came out of it was both anticipated and expected, which is what the markets are operating on right now. They...
All set for a very interesting Monday's opening.
Channel support held on for whole week while the sellers kept up the pressure and are now just above the accumulation zone. Gap up will trap the sellers and may not fill in near term with price quickly marching towards 25k. Gap down will open the door towards first the gap at 21882 and then towards march low at...
Simple chart, simple Fibonacci, simple target to the downside for the Fibonacci target.
MACD is support of the downdraft.
Apparently Trump is going to have a release on US actions, and surely will be returned with China’s response.
Trigger for downside there...
Hang Seng China 50 Index is a pan-China stock market index to represent the top 50 China-based companies in the stock exchanges of Hong Kong, Shanghai and Shenzhen, which covers A share (shares circulated in mainland China), H share (shares circulated in Hong Kong from the mainland China incorporated company), Red Chip (shares circulated in Hong Kong from the...
Markets are controlled by very few. They manipulate as they please. They own everything. banks, hedge funds, media, governments. They are the culprits behind social unrest, Wars, Pandemics. No new law is passed without their approval. They have mastered the art of deceiving the masses and they are looking to further enslave the common. Big changes are on the...
Looks to me like this is going to be the determining factor for Tuesday open....
Hang Seng is oversold, I would expect it to bounce off support Sunday and Monday, which would mean a gap up Tuesday morning.
Of course, the virus thing is unpredictable and if China shuts everything down again we could see a double bottom. Not to mention they're trying to clamp...
Bullish Bat at HOP level, yes you hear me right, a valid setup for this trend trading opportunity. A really nice checkback on the setup, trade engaged.
A bullish bat pattern spotted by the HPC, right now all I need to do is to be patient and wait for the check back on the blue arrow to engage the trade on this ranging market.
HSI has recently finished primary wave 2 down and its now tracing the beginning phase of a long primary wave 3 up. The current wave countindicates we are in a minute wave 3 up that should most probably elevate prices up to 1 to 1.618 of wave 1. This means 7 to 10% in the next 15 days. FOLLOW SKYLINEPRO TO GET UPDATES.
View On Hong Kong Stock Index (6 MAY 2020)
HK economy is in the bad shape and it has yet to reflect accordingly in the stock markets of it.
We are seeing some bounce up from 23,500 regions and expect it shall be short-lived.
As long as the price can't break up the resistant region of 24,250-25,000 region, HSI index will go alot lower soon.
The support level...
Read these articles here and here
Hong Kong has not get out of its messy state since the street protests months ago. Like other countries that are grappling with how best to handle Covid-19, it is facing immense pressure from business sectors and the people staying in HK. I guess, this is the worst time to be the leader of any country, juggling both ends of...
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...
We can see multiple rejections at 24560 region with series of LHLL market structure. If price fails to defend at 23000 area, we should expect the bear market to continue.
TImeStamp: 16 April 2020 11:32AM
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The high degree...
It has been some time that I traded Double Top, this setup the Reward: Risk is just amazing, not just that, the market tested the previous high that happens to be the previous resistance.
