HSI is into an area of possible support 17600-118600 , minor support at 18000
Failure here will see the next level 165000 tested else we get a bounce to test the 20ema
Many traders apply indicators for their analysis in their next trade.
However, indicators formulate with historical price movement to tell us what is happening right now. It is not so much of telling us what is going to happen.
The reason is simple, it is like economic policies, can manipulate the economy figure. But it doesn't tell us exactly the expectation...
HS50 - 24h expiry - We look to Sell at 19995 (stop at 20155)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The Ichimoku cloud and 200-day moving average provide further resistance and we look to set shorts in early trade to capture this selling opportunity.
The weekly pivot is at 20000.
The hourly chart...
- HSI is in a falling trend channel in the medium long term.
- This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 20786, ideally with an increase in volume, signals a further...
HS50 - 24h expiry - We look to Sell at 20305 (stop at 20425)
We are trading at overbought extremes.
A Doji style candle has been posted from the high.
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 prefer to sell into rallies close to the...
Hello and thank you for taking the time to read my post. Today, we analyze the Hang Seng Index (HSI) on the weekly scale, focusing on a classic price pattern called the "Inverted Head and Shoulders Pattern." The Hang Seng Index is the leading stock index in Hong Kong and one of the most important in Asia. It tracks the share prices of the 50 largest and most...
This is the result of a drawing with shapes I made in my idea "Check this out" & Check this out Snapshot. Both marks, yellow and orange, have been perfect predictions of where the price will be at that exact time. Or maybe these are just coincidences. :)
I doubt the price will hit the orange milestone just it precisely hit the yellow star milestone. Still, there are enough coincidences in this experiment for me. Related ideas: Check this out & Check this out Snapshot
Weekly:
1. Perfect align:
Ext Fib. 0.618 is the same of 0.618 downtrend on 23637.
2. The top is broken the previous high.
3. ?? 50% retracement is touch.
Daily:
Downtrend bias:
1. 50 % is actually not touched.
2. 184 is the last Bullish Breaker.
3. If the 184 is touched, double bottom is formed and 50% is hit.
3. Ext Fib. at 0 ext to 0.618 is the last 0.618...
HS50 - 24h expiry - We look to Buy at 20260 (stop at 20090)
Selling pressure from 20753 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Short term bias is mildly bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected...
Hang Seng Index daily chart wave count: the correction of the fourth yellow wave has ended, and it is currently rising in the fifth yellow wave.
update view
![HSI: HSI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/m/m6tIJ00x_mid.png "HSI - Falling Trend Channel [MID TERM]")
