HSI expected to rise up to 1st resistance at 27208.9 where it could potentially react off and drop down to 1st support at 24942.2.
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HSI is approaching its resistance at 266458.4 where it is could reverse down to its support at 25584.3.
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Losses can exceed the initial investment so please ensure you fully
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Hello Traders,
at my last analyze I wrote the following:
“....The weakening price behavior since is part of a wave (4) move that should end near or at the 26125 price area. At this point, it will retrace a 0.382 Fibonacci of wave (3).“
This was exactly what happened. Hang Seng moved this morning to 26609.10 within a gap-up. This was the opening and the closing...
HSI to climb from its upside confirmation at 26652.4 where it could potentially bounce further to 27330.0.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI to climb from its upside confirmation at 26652.4 where it could potentially bounce further to 27330.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello Traders,
yesterday`s low @ 25522 was a possible wave (2).
Today`s gap up by the opening bell was a wave (3) price move that carried HS close to a 2.618 FibExtension of wave (1)-(2)! The weakening price behavior since is part of a wave (4) move that should end near or at the 26125 price area. At this point, it will retrace a 0.382 Fibonacci of wave (3).
If...
HSI is approaching its resistance at 26323.2 where it is could reverse down to its support at 24900.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI approaching its downside confirmation at 26323.2 where it could potentially drop further to 24900.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello Traders,
Hang Seng is moving sideways as of the past days and implicates that the decline is not over and done.
Price is now moving between the 0.618-0.786 Fibonacci (25847-25430) of the advance from 24899-27366. A decline to the lower Fibonacci is possible and will not rescind this bullish forecast. A steep and deep decline often occurs within a wave „2“...
Hang Seng has been devastated by the recent negative geopolitical climate, reaching in August the 24,900 1W Support. The rebound that followed on 1D was rejected near the Lower High trend line (dashed) and 1D MA200 (orange line) thus keeping 1W bearish (RSI = 43.695, MACD = -309.550, Highs/Lows = -317.3100).
We have had a Death Cross formation on that bottom and...
Here is all patterns i can see with current HSI structure.
At 31600, there is a bearish gartley (78%).
At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD .
I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level.
HSI could rally up to 31600, falls down...
HSI to reverse from its downside confirmation at 26323.2 where it could potentially drop further to 24900.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI to reverse from its downside confirmation at 26323.3 where it could potentially drop further to 24900.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI to reverse from its downside confirmation at 26323.3 where it could potentially drop further to 24900.1.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
We got three plans right now .
For Short :
#1 If the price do a quick pullback and drop again , I see that as a perfect sell entry.
#2 If the price drop directly down the weak support - 25827 in 4 hour candle , we expect a small pullback and a perfect sell entry appeared after the correaltion of a small pullback.
For Long :
There is only one case for LONG ....
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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HSI (Derived Data)
