HSI:HSI
2023, week 10
HSI: at 19,821
According to the latest market update, the Hang Seng Index (HSI) is still in a downward trend, with a current long close at 19,821 points.
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HSI: at 19,821
HSI is still moving downside.
I would be a trader, instead of a holder.
Keep an eye on the market, and be patient.
Good luck and happy trading. - PresentTrading
#HSI #BTC
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Something bullish is happening in China, potentially primarily due to the reopening and all the liquidity injections by the PBoC. China never raised rates while slowly adding liquidity to markets. We saw a significant capitulation when Xi became emperor for life by removing everyone that could potentially cause trouble to him from the CCP, as well as when we first...
+1.6%
HSI returns to the buying point.
It's not a place to hold (for me)
Keep an eye on the market, and be patient.
Good luck and happy trading.
#HSI #trading #Backtesting
Hang Seng is still busy in the magenta-colored zone between 20 867 and 18 707 points. On the one hand, the index has slowed the descent and could very well have completed wave (4) in magenta by now, readying itself to take off. After all, the requirements for the current movement’s conclusion have already been met by touching at the magenta-colored zone. On the...
Looking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at...
Looking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at...
Looking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at...
TVC:HSI
HSI returns to the buying point,
now acting as a resistance level
Keep an eye on the market.
Good luck and happy trading.
#HSI #trading #resistance #Backtesting"
Looking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at...
I said yesterday afternoon that I was bearish on China, look at MFI on this chart. It's basically at support now so I flipped my puts this morning.
At least I found one index where indicators still work, lol. US/Euro markets in a complete melt up.
Followers of mine know that I am pretty bullish on HK/China stocks , ETF since last year and I have been slowly accumulating once there is a pull back.
Yesterday, FED's decision to raise rates by 25 basis points go well with the market and the stock market reciprocate in kind ! I believe the Hong Kong market will follow this rally as well in addition to the...
Large C&H has formed since the break up and out of it's recent medium downtrend.
Price is also above the 200SMA (Which explains the Green background)
This means, an uptrend is confirmed,
7>21 >200SMA
RSI >50 >75
Target 24,637
Bullish
Looking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 19926.48, where the 61.8% Fibonacci line is. Stop loss will be at 18814.83, where the 23.6% Fibonacci line is. Take profit will be at 22523.64, where the previous swing high and...
The chinese Index isn't kidding around when it comes to fulfilling those New Year's resolutions and is using all its power to climb all the way North. We're expecting the Hang Seng to rise further into the turquoise target zone to complete the red wave (3). After completion, the course should fall back into a correction in order to finish the red wave (3). In case...
Weekly Analysis, looking for a lower high compared to 22565 with Weekly Hidden Bearish Divergence on both RSI & MACD
Using retraces for entries, tight stop at the .786 in case of possible reversal and full position at the .886
If you agree or disagree with the setup, please let me know and explain ! We're all here to learn and grow off each other!
