Hang Seng Index
Due to the past few weeks being very hard on stock markets because of rising oil prises, it can also be seen that most markets have already (maybe) started with their recovery, these markets include most American Indexes (US500, NASDAQ, and others). However European and Asian markets has been held back for the past few days and finally they may seem some...
there is an HSI idea with going long a few weeks ago.. I was wrong :) now it is a better chance to accumulate some long positions; as I marked on the chart, there are 3 ways to go; as you know, the lines/channels are there just for guidance
The market is in the major downtrend, and currently in an accumulation phrase. The prices keeps testing the support level and my trigger point is the price breaking through that level. MA is also indicating downtrend. Please feel free to make any comments. I am still a learner. :-)
not too much momentum to the upside but I believe that after a fake out it will go up again treating this like an long term trade with the SL far away
50% for all predicting. - Risk: 1%. - Risk/reward: 1/1.376 - Profit factor: 1.376 - Data backtest: Dafault from Tradingview. - Good luck.
50% for all predicting. - Risk: 1%. - Risk/reward: 1/1.632 - Profit factor: 1.632 - Data backtest: Dafault from Tradingview. - Good luck.
HKG33 Hang Seng Index 4 hours level to do long trading plan!
I posted a bearish chart of the Hang Seng back in January that has played out pretty well so far. I reckon that this one might have another leg down before a decent rally or resumption of the uptrend but there is a bit of confluence for that 78.2 fib retracement level too......
I posted a bullish count for the Hang Seng a little while back but looking at the speed of this correction makes me consider more bearish possibilities. Here is one of them that suggests that the run up from December 2016 to January 2018 was in fact an extended 5th wave which now requires the necessary correction which is taking the shape of a double zigzag. If it...
* 50% for all predicting. - 1% risk. - Good luck.
This rather optimistic count for the Hang Seng would be invalidated with any break below the 24537 level.
D1|HKG33 Elliott Wave Following.
Hang Seng Index will fall in either way