If today's Daily candle can close bearish ( strongly ), We may well see a retracement to 28550 at Fib38.2. The past 4 weeks have seen frenzied buying and many have hopped onto the momentous band-wagon. Quite a good time to buy back some of the liquidity at lower levels(best if prices drop fast and weak holders cut losses). So, if the market is not so bullish...
Buying Climax underway in HSI. Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
the head of 7 July shown in pitchfork 1.75 level, maybe is a hint for the head now breakout or not, the line will tell the direction for next few months she's going to hit Gann's level 5 as well tayor!
HKEX:HSI1! HSI1! 2021 Jan 18 Week Red Greed zones = preferred entry levels Grey box = price rotation Price rejection observed at 28675 - 28620 Price rotation observed (grey box) For a long trade the bottom of Bar A should not be broken. Intermediate support = 28313 - 28371 Resistant2 = 28970 - 29000 Resistant1 = 28620 - 28675 Support1 = 28168 -...
Is it about to reverse or go bazooka? Trend is up and there hasn't been convincing distribution in approach to the current levels. Only things favouring a selloff from here is low volume and the red trendline. Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one. What do you think?
HS1! HSI1! 2021 Jan 11 Week Red/Green zones are preferred entry area. Intermediate 27753 resistance was broken through and has now become intermediate support. Though B sees a rejection, the volume isnt' as high as I'd like to see. The bar after it is a down bar on low volume. Notice also the price rotation zone marked out by the grey box. Let's see if...
HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 -...
HS1! Immediate resistance = 27324 - 27400 Immediate support = 26854 - 26947 A = Pushed through an old top 27077 on high volume B = Weakness is seen from the selling and closing near the low Watch Monday's close for indication from big boys. Trade management TP can be 30% / 50% of range or between the range.
A50 turned weak, but HSI not finish the job yet, the top should be around 27450 within this month, only then the south train start
S&P is about to tank and it correlates with hsf. Another observation is that there is heavy short of put option at 26000/26200 this month. It is likely it would tank below 26000 next week and go back to above 26200 by end of Dec. Guess it will pump in the day and tank with S&P at night. Pumping on Monday morning provides good chance to short. @lonelygenius
HKEX:HSI1! HS1! 2020 Dec 14 Week Price remained in a range for the past week Not much change to S/R zones Being in the year end holiday mood, take it easy on trading or take a break Scenario - Short Short from Resistant 1 Short from Immediate Resistant Target 1 = 50% of range to Support1 Target 2 = Support1 Extended target = Support2 Support 2 = critical...
For second week in a row, we sold on Thursday anticipating a selloff on Friday but both times it happened on Monday. We sold in good areas but timing was off by a day. I am not comfortable holding a trade over the weekend unless well in profit. It can be argued that trades should be given enough room and time. Valid point but Gaps are a common theme in HSI...
HS1! Scenario - Short Short from Resistant 1 Target 1 = 50% of range Target 2 = 26680 Extended target = Support 1 Support 2 = critical support Scenario - Long Would prefer to long at support zone Target 1 = 50% of range
Looks to me like the Chinese were responsible for the EOD pump, HSI and KOSPI are both up .6%. HSI has a long way to go until it hits 2018 peak, so don't be surprised if you see more random pumps like we had Tuesday. Also note that they love NQ, which is green right now while ES, RTY, and YM are all red. Asians love to pump tech.
Expecting HSI to top at 27100-250 area and make its way down within next few days. 26750-800 is the key support. Distribution as of now does not support a broader selloff. If you are new, i update regularly throughout the week within this post as the action unfolds.