HSI UpdateHSI went oversold again.
China goes down, Bitcoin goes down. BTC seems like it's trading along with China for the past month.
Probably a weak bounce tonight, China has been very bearish lately.
HSIF2022 trade ideas
HSI UpdateIndicators don't show a direction, but I get a weird feeling China will get another pop tonight.
BTC has been tracking the Chinese market for the past month, so be careful if you're still shorting shitcoin.
HANG SENG: Inverted Head and Shoulders aiming for the 2021 High.Hang Seng is supported on the 1W MA50 with technicals both on the 1D and 1W time-frames (RSI = 51.130, MACD = 75.500, ADX = 25.377) neutral. This shows the high accumulation effect that is taking place as the huge Inverted Head and Shoulders pattern (whose Head formed the October bottom) is near to complete the Right Shoulder. Even though there are several Resistances on the way to the February 2021 High (R4 = 31,160), Inverted Head and Shoulders patterns technically target Fibonacci 2.0 from the neckline and that is at 30,900, just a fraction under the 2021 High. The action now is a buy (TP = 30,900).
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Hang Seng Index Volume and Price Action analysis - longThe Hang Seng Index shows a strong accumulation in the background along with a strong upward breakout. Before Friday's session and US labor market data to be released today, Hang Seng again showed strength and formed a re=accumulation range.
The last re-accumulation zone becomes both a big support and a buying zone for today's session.
Analysts expect good data from the US and big players seem to be setting the market for this data.
With the background we have on this chart, only longs should be considered
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VolumeDayTrader!
Bias more on upside for HSI with 3 signal30th April 2023
Closed above 20k, above 61.8% Fibo and 200days MA are good sign of bullish for HSI.
Resistance: 21k
How to identify a TREND or RANGE market early in DaytradingTrading and Price Action can be broken down into tow simple terms...a 'range bound' market and a 'trend' market. Being able to identify the price action early is key to successful daytrading.
In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/ reversion to the mean or continuation trading...it is important to identify the market conditions early to get on the right side of the market and take full advantage of a move up or down.
I discuss my basic approach to trading and what I look for to identify the market conditions.
I talk about my trading style and general entry criteria.
Any comments or questions welcome below.
HANG SENG BUYIncreasing confidence for global economic resilience in 2023. Global growth for 2023 has continued to improve. The U.S. has started the year with a degree of momentum, even if activity could wane as the year progresses. Chinese activity is bouncing back as the economy reopens, while the Eurozone is likely to benefit as energy prices have receded and headline inflation has slowed. While banking and financial sector strains have clouded the outlook to some extent, we ultimately believe authorities will do whatever is needed and will be successful in containing those difficulties. Against that backdrop, our upwardly revised forecast means we now expect the global economy to avoid recession this year.
HSI UpdateOverbought on RSI and MFI. Decided to buy a few PDD puts when it went green, it didn't rally with the Chinese market after missing earnings, it'll tank if HSI goes red.
HangSeng The Set Up For A Pivotal 18k TestIn this update we review the recent price action in the Hang Seng and identify the next high probability trading opportunities and price objectives tot a
Hang Seng: Wait for It… ☝️Hang Seng is still busy in the magenta-colored zone between 20 867 and 18 707 points. On the one hand, the index has slowed the descent and could very well have completed wave (4) in magenta by now, readying itself to take off. After all, the requirements for the current movement’s conclusion have already been met by touching at the magenta-colored zone. On the other hand, Hang Seng still has got some room to expand wave (4) a bit deeper and could indeed make use of the whole magenta-colored zone. As soon as this low is established, though, the index should turn upwards and climb above the resistance at 22 798 points. However, there is a 36% chance that Hang Seng could develop wave alt.A and alt.B in turquoise first, the latter leading it out of the magenta-colored zone. In that case, wave alt.C should push the index back down into this area, where it should finish wave alt.(4) in magenta as well before moving northwards again.
Hang Seng searching out new lowsHanG Seng came under fire and could see new lows in coming days. The price action recently flushed through resistance at 22416 and is now unwinding longs positions on a move down. A break below 21068 could see a move into 20165.
Playing The Pullback In The Hang SengIn this update we review the recent price action in the Hang Seng futures contract and identify the next high probability trading opportunity and price objectives to target
Bullish rebound at demand The Hang Seng Index Futures declined this morning but the hourly chart shows some early bullish signal near the demand are. As such, we expect some rebound.
HSI UpdateI said yesterday afternoon that I was bearish on China, look at MFI on this chart. It's basically at support now so I flipped my puts this morning.
At least I found one index where indicators still work, lol. US/Euro markets in a complete melt up.
Hang Seng: Just do it 💪The chinese Index isn't kidding around when it comes to fulfilling those New Year's resolutions and is using all its power to climb all the way North. We're expecting the Hang Seng to rise further into the turquoise target zone to complete the red wave (3). After completion, the course should fall back into a correction in order to finish the red wave (3). In case the Hang Seng can't carry on with its recent upwards pulses, we're expecting it to drop below the support line at 18 917 points. This would indicate the activation of our alternative scenario with a chance of 27%.
HSI futures bull trap by Cosmic GravityThe points outlined in the chart suggest a bearish move and the target is approximated by extrapolating the bottom of the support channel. The stop is placed above the top of the support channel, which acts as the current resistance.
21-25/11/2022 weekly outlook
Bullish bias: Bids above 17770 would target 18213
Break and hold above 18437 targets a traverse towards 18824. Continuation above it would target 19330
Bearish bias: Offers below 17720 would target a test of 17544. Break and hold below it exposes 17277. Continuation below would target 16651
Time for HSI to drop a little bit~When HSI breaks through the 2/1 gann fan line, then it's time for HSI to have a large correction after the previous bullish rally.
HANG SENG - Uninvestable 🤪Following up on the last post, the index continues to rallied after successfully retesting the 20ema. It has buttered through the 50dma and now testing the swing low break of March.
The 'uninvestable" index has clocked up +25% in a space of just over 2 weeks
HangSeng waiting to “boom” = Bright future HongKong. 6/Nov/22Hong Kong’s Hang Seng Index have backed to “square one”?.. As its price slightly below its 25 years level ( 2020 - 1997 ).. BUT chart tell me different stories as I trade what I see “first” then what I think “second”.. where my “thinking” possible have bias and prejudice. You probably see lot of “doom” comments from western media or “westerner educated” Chinese’s “expert “ themselves...
7/11-11/11/2022 Weekly outlookHKEX:HSI1!
As long as 16239 holds, we 🎯16610/17520/18800
If we fail to hold 16239/16096,
"look above and fail" will be in play, 🎯 15701/15421/14858
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I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head straight and hold myself accountable for the next day. It is very possible that I am flat wrong in all of my scenarios.
