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...
Price is revisiting previous swing high levels. Although resistance is around 26400, price can definitely continue to increase further before coming down. Thus it is only logical to place your Stop Loss above the previous Swing Highs. The Stop Loss level of 26800 is part of my strategy. If you are following this trade, do not adjust the stop loss. Rather, adjust...
There is a classic single zigzag and the final is yet to come.
Now there is a 4th wave in impulse C with a target of 27000. This goal is conditional since the 4th wave is an ascending triangle and into the final wave E, which has now begun, it can both penetrate level a-c and not reach it.
Next will be the final 5th wave, and most likely it will be truncated...
Based on Fibonacci levels, we see that the impulse is not yet complete. And the fall that is happening now - wave 4 of this impulse. Since the drop was very strong, wave 5 will most likely be truncated and stop in the range of 34000 - 35000. After that, a long-term correction will begin which should return the values to the bottom of 4 waves, That is, to the level...
Unfortunately not enough data. Graph shows values from 1987.
We proceeded from the value of 100 points in 1964 as the beginning of the first wave.
Probability that the correction comes to an end, but the goal in 24093 should be achieved in any case.
If the index goes below this value - the next target is 21889 points. This is the most negative scenario. In...
Fib retrace on HSI from year highs shows that we are hitting resistance levels at 26400 level. Bounce driven mainly by Trump politics and mid terms. Trend lines still heading down...so staying short.
Update to the original post.
Since the Hang Seng Index EWH hit the upper bound in January 2018, it has since dropped as much as 22%. Shorting from the point of touching the upper bound would have beaten the market significantly this year across all indexes.
Current situation
We currently bounced off a resistance line, the same one we bounced off after...
This will be my views of Hong Kong Stock Index (Nov 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in...
This will be my views of Hong Kong Stock Index (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in...
This is part of a series of charts which I will posting for the reader to make up his/her mind based on the weight of the evidence.
Do note, these are weekly charts which means the implications of which will occur over the next 12, 18, 24, 36 months.
I use trendline to trade Hong Kong future HSI. After HSI breakthrough the first steep declien trendline. Now still need to wait until HSI price breakthrough the gentle decline trendline. It might take couple of days. If HSI price is below the exit stop lose price, would be good position to short.
Hang Seng Index Update HSI 13th September 08:13 Bst
We were looking for a good bounce from the 26265 line which
is the top of the gap to left of price and the meeting of fixed
and dynamic lines of support.
The low was 26219 before rallying 550 points.
It's now testing the first minor resistance level at 26920 from
the previous low and meeting profit taking in...
Now comes to a very critical moment of HSI. Due to a very low RSI, I believe there will be a rebound for HSI except the green supporting line is broken. In addition, this will be a rebound or a new raising wave is still cannot be concluded. Let's see.
This will be my views of Hong Kong Stock Index (Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in...
