Hello Traders,
Hang Seng declined past week and my bearish forecst indeed plays out! The target area of 27600-27500 is close to be achieve.
Overall to speak,it is possible, that the correction is not done to the downside and it could decline to 27210 area. This level would be the 0.618 Fibonacci of the possible wave and it is the minimum retracement for a wave y....
Hello Traders,
Hang Seng has advanced 350 this week, but the progress is not an impulse yet to my view!
The overlapping structure suggest a corrective setup which could go on in the coming week.
A rise above ~28900 area on a daily close is needed to establish a new uptrend.
A decline below the level of 28260 area would favor a „sideways range market“ and a break...
Hello Traders,
at my analysis on April 19, I wrote following:
„I like to see a „break“ of the high's at 29101 and 29152 on an hourly basis at minimum! Strong volume to the upside would strengthen the bullish view.“
Hang Seng broke above this area, but failed to exceed to the mentioned area. It just touched the 29388 level and reversed.
Further I wrote: „A rise...
Flat Top is confirmed and almost come to an end. Recently there aren't much negative news about HSI, so I assume it will continue the Flat Top pattern.
Tracing the hidden red line also a fine support for the current trend.
1h Fib Retracement is drawn, Fib 2.618 is quite a support for most of 1D candles.
RSI also around 50, it's been sideways since it...
Hello Traders,
at my latter analysis I wrote this:
„What does it mean for short term traders?
I like to see a „break“ of the high's at 29101 and 29152 on an hourly basis at minimum! Strong volume to the upside would strengthen the bullish view.“
It did not happen and HS breaks below the rising trend line, blue. This move was not expected by myself.
Hang Seng...
HELLO TRADER'S THIS IS MY BULLISH TREND ANALYZE . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND YOU CAN ENTRY .THIS IS MY OPINION ONLY NO MORE SIGNAL .
this is my bullish technical idea and price action analyze . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
