It seems HSI will prepare for a bullish trend. With technical analysis and checking the wave structure of the chart, the corrections ahead of it will probably be a buying opportunity
According to the Butterfly pattern, the Fibo perfectly converges the decline at the target of 16500. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by October, there will be a great point for going to long.
Hang Seng (HSI1!) has started a technical pull-back after getting rejected at the top (Higher Highs trend-line) of the Bullish Megaphone. The minimum correction within this 4-month pattern has been -5.29%, so we are looking to buy after such a dip, potential 1D MA50 (blue trend-line) test and target the 2.0 Fibonacci extension (19700). This is the standard target...
If buying individual tech company proves to be a hassle, costly and too much research work, going into a basket of them like this ETF may be the solution. We are now in a resistance phase so wait patiently for it to break out with a bullish sign and then you can add some to your portfolio. Avoid the mentality of always wanting to catch the bottom like buying...
The Hang Seng Index, with everything measured in Hong Kong Dollars rather than US Dollars, offers a distinct perspective within our analysis portfolio, focusing on the Hang Seng Index Futures contract. Starting with a weekly chart overview, we've identified that the initial cycle likely concluded in 2008, followed by a flat correction. Notably, the correction for...
Hang Seng (HSI1!) is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The dominant pattern is a Channel Down and as long as the 1D MA200 holds as a Resistance, we will continue selling every Lower High. The structure of the pattern is similar to the 2021/22 Channel Down. Once the 1D MA50 breaks again, we will have a confirmed sell...
My HSI prediction on 24-Mar-2024 The up trend is broken and expect HSI will go down
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand >> USE PAGE DN to go...
Many investors currently firmly believe that the Chinese Hang Seng Index will soon rise. The economy in the Middle Kingdom is performing well in global comparison - so it can't be that the local stock market is so weak, right? Well, as you know, stock prices don't always have something to do with the actual state of the economy. That's why we remain pessimistic...
Perfect reaction off the 0.786 Fibonacci retracement level following a break of structure. I expect TP within 2 years maximum.
The HSI has risen sharply since Monday. Nevertheless, we continue to believe that the index is still working on a magenta-colored downward structure and is therefore not yet finished with its correction. Only after this five-part wave, and thus the turquoise-colored wave 3, has come to an end should things pick up a good bit - even if there is still further...
China's Hang Seng index is -55% from the highs. History doesn't repeat but often rhymes. Russell Index also struggling. Short setup, invalidation if Feb's monthly candle closes above ATH.
Will 2024 be a prosperous year for China? After a period of strong gains and a close of the year near all-time highs, markets now seem to be facing a more tense climate with profit-taking on the world's major stock exchanges. Volatility has again become a major factor, with investors becoming more cautious and uncertain about possible interest rate cuts. For our...
Our View We hold a favorable view of the Mini HSI Index Futures contract in the short-term on likely policy stimulus; but we prefer to wait out any short-term corrections before positioning for a near-term tactical rally. Due to medium-term structural concerns and still-weak confidence among businesses and consumers, it will be a while before the market trades...
Hang Seng (HSI1!) has been trading within a Channel Down throughout the whole year. As the rice hit its bottom (Lower Lows trend-line) on December 11 and the 1D MACD formed a Bullish Cross, we expect the new Bullish Leg towards the 1D MA200 (orange trend trend-line) and the to (Lower Highs trend-line) of the Channel Down. The average rise within this pattern has...
The volume in the opening minutes suggests that HSI has or is about to bottom. Main accumulation was between 17k-18k.
I think the next weeks gonna be bullish
Since my last post, Hsi did crawl up but was rejected strongly from 18400 and is back in the value area around 17500. The way it is shaping up, i suspect that a strong shakeout is coming up in next few days in which HSI can drop all the way to 16k. If that happens, it will present a very good opportunity to get Long at the start of a possible multi month move...