HANG SENG (HSI) Within Sell Zone Completed bearish harmonic bat pattern on Hang Seng. The market is back again trading within the sell zone. Targets: 27500 / 26800 Stop - 29500 Shortby VasilyTrader2237
Hang Seng.....0.382 Fibonacci achieved!Hello Traders, HangSeng topped on January 3 @ 28883.3 and create from a „candle-stick“ view a „dark-cloud-cover-formation, which is bearish. The following days HS shows some gap`s to the downside and achieved at today`s session a 0.382 Fibonacci of the advance from the possible wave „2“ low @ 26364.4-28883.3, a possible wave „3“ high. So this is a common target range for a wave „4“ correction and it could be all of the correction. From a „time“-perspective the correction look to my to „short“ and I think, that it is just a wave „a“ of an a-b-c-pattern that is still developing. So after a short term countertrend move within a wave „b“ up, another leg of weakness could hit HS with lower prices to come. A target zone therefor is around 27675, a wave „4“ level of lesser degree. Notice how price has met the uprising „base-channel“ of the first wave (1) and (2) and touched the upper boundary. This could be a second hint that the advance has come to an end or is close to doing so. While a wave „4“ can never touch the price territory of a wave „1“ there is a wide price level to make this count invalid. This level is @26527. So, I will update the chart in the coming hours. Have a great week.... ruebennase Feel free to ask or comment. Trading this analysis is at your own risk! by ruebennase7
HSI approaching support, potential for a further rise! HSI approaching support at 27771.5 where it could potentially rise further to 28777.6. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState5
HSI potential reversal! HSI expected to rise up to 1st resistance at 28895.0 where it could potentially react off and drop down to 1st support at 27071.7. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState8
HSI potential reversal! HSI expected to rise up to 1st resistance at 28895.0 where it could potentially react off and drop down to 1st support at 27071.7. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState4
Hang Seng......Bulls continue their runHello Traders, I wish all readers and their families a happy and healthy new year and best wishes! As per my last analyze, I have updated the chart and replaced the numbers and letters. Daily view: As per my count the low @ 24899.9 (intraday low) on August 15 marks the end of a wave „5“ of „(c) of ((ii))“! The advance since is to my view a series of „ones and two`s“, still in progress and develops to the upside. As you note, the advance is developing in a trend channel and makes some higher highs and higher lows! So, I guess it is a „triple-failure-swing“ low pattern, even a series as mentioned before. The latter three candles at the chart look like a bullish „morning star“ formation. I know typically this pattern occurs at the end of a trend after a correction, but I think it could be classified as one here at this level. If so to come, the advance is not done and any correction should develop into a „three-down“, and contains within parallel lines. As you will notice at the right-hand chart (90 minutes) you see a lot of gaps occurring at the advance started on December 4. These gaps are a series of „breakaway“ and acceleration-gaps“ as they occur in an up- or down-trending market. So, it is possible that is was all of the advances within a wave „3“ of „5“ but to me, it looks as not done for now. Only a close of the open gap @ 27864 would establish the evidence that the advance is done shorthand and lower lows are to expect within a wave „4“ correction. I will update the chart in the coming hours and days. Have a great week... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk! by ruebennase6
As expected; HSI has reached the target. Will it break upward? I'm still positive re. HSILongby Hktradingma5
HK33HKD (Hong Kong Index) D1Price has reached the top of the long term channel, rejecting the supply zone (blue level) with a rejection candle. From here, will be watching for price to make its way back towards the bottom of the channel to the highlighted zoned below.. by Profound_Ambition7
HSI Trend on Jan 2020The Hang Seng Index has been moving within an upward channel since Aug 2019, which is around 5 months time. Now it is at the top of the channel and is due for a correction. My guess for the correction would be at least to 27700. Then we would watch the level 27470, a critical level above the big gap up. If that gap is NOT filled, it would be bullish and the index may boost to 29500 level or higher. If filled, I guess it would go back to around 26500 level, which is the bottom of the channel.Shortby chchart6
Short or Take Profit $HSI ahead of Hong Kong Retail Sales YoYI'm reducing risk and taking a few positions off the table on the HK Market. We have a great run in the last few weeks. Price is at the top of the channel and I cannot see much upside from here. 29,000 at max. On Friday, it is the Hong Kong Retail Sales YoY data, I am expecting it to be negative because of the Hong Kong Protest. Source - Trade Economic. Hong Kong Retail Sales YoY The volume of retail sales in Hong Kong tumbled 26.2 percent year-on-year in October 2019, following a downwardly revised 20.3 percent slump in the previous month. It was the largest annual decrease in retail trade since at least October 2005, after almost six months of violent anti-China protests. Sales declined mostly for jewellery, watches & clocks (-46.9 percent vs -44.3 percent in September); clothing & footwear (-34.2 percent vs -22.8 percent); department stores (-31.8 percent vs -25.9 percent); other consumer goods (-28.5 percent vs -19.7 percent) and food, alcoholic drinks and tobacco (-17.5 percent vs -19.5 percent). Year-to-date, retail sales shrank 10 percent compared to the same period a year ago. Retail Sales YoY in Hong Kong averaged 4.66 percent from 2005 until 2019, reaching an all time high of 30.60 percent in February of 2010 and a record low of -26.20 percent in October of 2019. 2020-01-03 08:30 AM Retail Sales YoY Nov Forecast- -23.5%Shortby johninvest17Updated 117
HSI reversed from resistance, potential drop! HSI reversed off its resistance at 27988 where it could potentially drop further to 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState117
Hang Seng...Wave "iii"done! Countertrend underway..Hello Traders, Hang Seng has made a high @ 27967.90 on December 18. This was a little above the cited target range of 27900 points and it marks, to my view, the end of a wave „iii“! The „down-up-down“ sequence since that high is to short in terms of time and price to correct the total advance that started on December 11 at the possible wave „ii“ low. So I guess, it is just a little portion of a longer-lasting correction to come. As you know, by the rules of wave alternation, a wave „iv“ can morph into a triangle for example or a variation of a „flat-pattern“ because wave „ii“ was a flat! In a first decline, HS traveled to 27776, which was in a price range of a wave „4“ of one lesser degree. The following „three-up“ was a wave „b“ countertrend and the wave „c“ low @ 27675 and it was equal to wave „a“! But wave „ii“ took 24 bars (hourly chart) to develop, and wave „iv“ which is to my view not done, took just 14 bars (hourly) for an a-b-c move. This is to short in terms of time. So I am looking at a minimum to the time around December 23 to finish a wave „iv“ correction, but for this HS has to decline lower, possible into the range of 27355, where the 0.382 Fibonacci of wave „iii“ is placed. So, if the chart picture becomes clearer in the coming hours and days, I will update the chart. Have a great week.... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk! by ruebennase6
HSI reversed from resistance, potential drop! HSI reversed off its resistance at 27988.3 where it could potentially drop further to 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState4
HSI potential reversal! HSI expected to rise up to 1st resistance at 27988.3 where it could potentially react off and drop down to 1st support at 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState9
HSI approaching resistance, look out for potential reversal! HSI is approaching its resistance at 27988.3 where it could reverse down to its support at 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState6
Con’t HSI 4 hours. Waiting the price go to 28000 to see what happen. Short opportunity If break the uptrend green-line.by alecho26113
Hsi going to key resistance again?27900-28000 is weekly key resistance for HSI. WAIT THE SIGNAL. If break, next stop 28900.by alecho26113
Hang Seng...That`s progress!Hello Traders, Hang Seng gapped higher as of the past two sessions. It runs above the upper boundary of the trend channel and above the level of 27227, what I mean is important. The structure of the advance with the gap`s in, make the odds high, that an impulsive move is underway with the next target range at 27894-27900 and if this will be achieved the upper boundary is next target area. Depending on if and when it will be achieved, a possible range for this is at or around the 28400 area. In the short term hand, I have a possible count for the next hours to come. Note both gap`s which can be interpreted as a „break-away-gap“ and n „acceleration-gap“! The latter one occurs mostly in the middle of an advance so a measured target range is at 27689.90 area. More bullish potential exists (read the text above on a daily timeframe). Once this advance has come to an end, a „three-down“ will be next. As a special formation within a wave „4“ of any degree, we can look for a „triangle“-formation, that occurs only at a wave „4“, „x“! So if any new chart pattern develops or the end of the advance is clear to observe, I will update the chart. Have a great weekend.... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk!by ruebennase5
HSI approaching resistance, look out for potential reversal! HSI is approaching its resistance at 27206.0 where it is could reverse down to its support at 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState4