Hello Traders,
Hang Seng (HS) is working its way lower and at 27260 a „three-up“ endet and HSD declined once again.
The alternate interpretaion for this move is, that it is a series of „one`s“ and „two`s“. As you see, the retracement from 24540 – 27260 is at the 0.618 Fibonacci, indicating a possible wave 2 pullback.
If so, the level of 24540 has to be valid for ...
Hang Seng Index HSI over the last 18 years looks generally Rangy.
We have seen a recent failure DOUBLE TOP movement at its all-time high level near 32,000
Current price action looks trending in bearish momentum, the Global stock market is also recently taken a hit since the price no longer
makes higher low and higher high of what it feels like bull market over ...
Hello Traders,
Hang Seng (HS) has made a low @ 24450 on Oct 29. The day as the DJIA and the S&P500 made one too. The move at HS is more „powerful“ and may complied the onset of a first leg of an impulsiv move up.
If this is the case, HS is showing a series of 1-2`s which will lead to a new ATH well above the 33484 of Jan 29.
But let`s check the move from 18278.8 ...
The Hang Seng Stock Index (Hong Kong) is trading better recently. It is currently testing the daily ichimoku cloud, and will be a strong positive sign should it manage a close above the cloud. Is this just shortcovering ahead of the meeting between Trump and Xi at the G20 Summit or is it something more?
Hello Traders,
Hang Seng has risen this week up to +7.16% (according to teletrader.com) with a large bull candle.
At the low at 24540 the RSI (14) has plunged to 31 area, which is the lowest reading since Oct. 11. At this time HS priced at 25266 (closing price) and plunged for the rest of the month. More important is the fact, that a divergence is to observe at ...
Greetings,
Having finally broken its daily MA, we now look towards a retest of 25,900/26,000 range as the trend continues upwards again towards the daily upper band next week.
No rest for the weary.
Hello Traders,
some interesting pattern occurs this morning.
Hang Seng open on Oct. 24 with a massiv gap-down to 24766 and set the stage for a „final (?) low at 24540.60 on Oct. 30. Since this move down, there remains an open gap which was followed this morning by a gap-up to 25228. This pattern indicate a potencially reversal, as long as the low at 24540 is ...
Hello Traders,
not much new to add, to the weaken Hang Seng Index.
The Index topped at Jan 29, "hand-in-hand with many others, like DJIA and N50! Since than the decline is underway a correct a .585 Fibonacci. a common open target for this decline is the .618 Fibo at 24087. On the weekly chart it is still to observe, that the count favore a wave 1 high at 33484. If ...
Hello Traders,
Hang Seng has dropped on a weekly basis to fresh new lows, but reversed at Friday`s session sharply after disappointing data of economic. This behavior indicates, on an Elliott wave perspective, that as bad as the news are, a important bottom could be in place. Both lows that last occur (on a weekly basis) are able to build a” double-bottom at ...
Hang Seng has dropped significantly since our last bearish prediction made at 29340. It is now at a crucial stage and could move north if it finds support around 27000 level after some correction. However, if this support level is broken and then the bottom of the channel is breached, it could still go down to 24000 as originally expected.
PS: This analysis is ...
Hang Seng...4h chart
Hello Traders,
as to observe at the 4h chart (TVC Indikation) Hang Seng Index has risen to 33484.10 on Jan29! This day the NIFTY50, the DOW Jones and other Indexes topped too and fell into a corrective phase since.
As it look for now, the correction within the Hang Seng has come to en end, as long as the level of 26871, Aug 16 will mark the ...
Hang Seng index has been correcting since late January along with other stock markets. I consider the first drop to 29000 levels as wave A, the later triangle pattern as wave B and the latest break of the triangle as Wave C of the Eliott wave ABC pattern. IF this wave count is correct, then Hang Seng could drop to 24000 levels in Wave C (if wave C = 1.62 times ...
Index is heading for 27000. MACD is getting into bearish zone. Below 29000 the it signals breakdown from the
sideways movement continuing for the last couple of months.
HSI moves within a neutral trend channel. It tested the upper limit and is seemingly now on the way to the lower limit. In between we find a fib retracement 78.6% - but this one seems to be weak.
The indicators are confirming the new short trend (RSI broke the trend to down, MACD is heading to negative zone with trigger line short before crossing the signal ...
A market capitalization-weighted index of 40 of the largest companies that trade on the Hong Kong Exchange. The Hang Seng Index is maintained by a subsidiary of Hang Seng Bank, and has been published since 1969. The index aims to capture the leadership of the Hong Kong exchange, and covers approximately 65% of its total market capitalization. The Hang Seng members are also classified into one of four sub-indexes based on the main lines of business including commerce and industry, finance, utilities and properties.
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