today I`d like to show you Hang Seng Future, because of the price development suring after session trading causing by US markets.
Hang Seng (normal trading hours) closed the day with modestly losses @ 29113. The Future had the rest of the day to go...and he did.
By opening the US markets a sharp and strong decline occurs at markets and HS declined...
declining trend line
emergence of declining divergence,
entry price : 28000 /28100
stop loss : 28200
target price 27400 / 27000 / 26800 / 26550 /
when 26500 breaks, put on the mit at 26800 and hold it !! until 26150
the ratio of Risk/Reward compensation
minimum 1:6 maximum 1:17
HSI futures just completed a counter-trend rally ABCD to run smack into the 200-days moving average and I would consider it ripe for a correction. A simple analysis of the higher lows and higher highs would suggest this is a bullish retracement. Zooming out a bit, one would notice there isn't really any support at these levels till the 22,250 level which happens...
Weekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong.
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In bearish market, starting from Q2 of 2018, the Hang Seng Index (HSI) enters bearish market. According to EW Theory, bearish waves either move in 5 or 3 smaller waves. Waves are impulsive if they move in 5, or corrective if they move in 3. In 5, we will denote the waves in 1-5, while ABC are used for corrective waves. I am betting the HSI will have 5 waves to...
US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic...