$HSI is stuck within 29900 - 29500 area. the range become smaller and we have shifted down balance after the high of Apr'19 . Today, HSI bounced at 29600, this was showing that market still "hopping" for long term bullish. But I don't see any market conviction yet on the up side. 29900 still the bracket for couple of days.
we are in distribution pattern, but...
HS50 - 24h expiry - We look to Buy at 21405 (stop at 21180)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be...
Multi month bullish run.
Can make a big reversal IF
you set you criterias
It's a double top or breaks the lower trendline.
For now . it respects the upper trendline. Suspicious of this activity.
Gotta go to ground level for market sentiments there.
All the best
hong kong long
😊
Im looking at hong kong 33 and I can see new wave coming for up
There is two look:
The first:
We are in the end of the correction wave (b) and we are going to start the fast (c) wave to make new top
The first part of it going to be the orange (a) and it will be an impulse wave and the target 50% of the (b)
The second:
We are in higher...
HS50 - 21h expiry - We look to Sell at 19475 (stop at 19795)
We are trading at overbought extremes. A Doji style candle has been posted from the high.
Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we...
Hong Kong Stock Index (14 Nov 2022)
HK index is in the pull back phase and I reckon it shall continue for quite some time.
18,000 is a good strong resistant but the pull back down shall be mild.
The nearest strong support is 16,000 and it shall go higher and higher again.
19,000~20,000 will be the strong resistant region. Then, we will talk about what's...
HS50 - 22h expiry - We look to Buy a break of 18465 (stop at 17985)
Buying pressure from 17703 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 18470.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 18465, which will confirm the bullish...
HS50 - 22h expiry - We look to Sell at 16140 (stop at 16680)
Previous resistance located at 15836.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
We look to sell rallies.
Our profit targets will be 14600 and...
HS50 - 22h expiry - We look to Sell at 16695 (stop at 17020)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
Further downside is expected although we prefer to sell into rallies...
Technical setup appears to suggest a visit to the range lows is in process (unless a technical reversal takes place)
Note: There are two technical targets both pointing to the range lows.
1) The horizontal trade range, having broken down after leaving the range highs & returning into the range.
2) The 1.618 extension of the rising wedge that has now broken down
HS50 - Intraday - We look to Sell at 18890 (stop at 19100)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back...
OANDA 
