I threw together this overlay a few days ago and didn't believe it because I figured Asia was gonna pump but it looks like they're gonna whipsaw sideways for a while.
Oddly this indicates either a Monday or Tuesday pump, lol.
They appear to have lost interest in tech again, NQ is the only index red (by a little)
HSI1! 2021 Mar 08 Week
Red/Green zone = preferred entry
Grey zone = price rotation, entry opportunities on breakout of zone
M / W/ D = bearish
Demand was present at bar 1, however no evidence of change in trend since
market is still making lower highs.
Will prefer to keep on the short side.
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Have a...
HSI1! 2021 Mar 01 Week
Red/Green zone = preferred entry
What a mighty down move from 22 Feb's alert on selling.
On daily chart we see some buying, however note the low volume on buy, so let's watch
on 01 Mar to see if more buy volume will come in to support.
Otherwise we can see 28078-28168 as test of previous support
Previous peak demand zone was at ...
HSI1! 2021 Feb 22 Week
Red/Green zone = preferred entry
Selling has come in at A.
Would prefer to short if the highs are tested on lower volume,
Target can 30% / 50% / bottom of channel.
Have a good trading week ahead!
China has been pumptarded lately, waaay overbought.
Expecting China to go down and EUrope to go up. More whipsaw, staying out for the day since I made money on open.
After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI .
We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of...
HKEX:HSI1!
HSI1! 2021 FEB 15 Week
Weekly, Daily, Current TF = Shortening of thrust
Last bar price advanced on weaker volume.
If story were to repeat itself, per price action at resistance
1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate...
Just want to log a model projection for the Hang Seng Index (HSI)...
To the green ellipse and then to the red.
HSI is very bullish, and would continue to be so, apparently in a multi-year fashion.
Deep retracements provide opportunities, but we need to draw the lines and know when to take action.
Meanwhile, just enjoy the ride... Asia it is, and Honk Kong may...
HKEX:HSI1!
HSI1! 2021 FEB 08 WEEK
29273 if supported will indicate higher prices.
Friday showed that there's supply present still as
indicated by bar A closing off its high and subsequent
bars closing very near to each other.
Let's see if price can break out or more time is needed
for the buildup
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After SELLERS achieved HSI had established as a Trend for SELL, I awaited for pullback into 29244 at around 16:20pm on Feb 2nd and held this trade overnight. Market opened with a spike into my entry price then flushed down for 300 points. I took profit around 10:07am on Feb 3rd.
HKEX:HSI1!
HSI1! 2021 Feb 01 Week (Intraday)
"58" in cantonese means "no prosperity".
Coincidentally market went down from there lol
Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold?
Intermediate price levels = 27806 & 27548
Support 27108 - 17176
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Have a...
