HS50 - 24h expiry - We look to Buy at 19450 (stop at 19250)
We are trading at overbought extremes.
A lower correction is expected.
Short term bias has turned positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 19430 level.
Our...
Risk control mindset check
Trap evidence check
Logical buyer location
In-line with broader trend, no sign of genuine reversal, rollover of pullback and logical target
HS50 - 24h expiry - We look to Sell at 19469 (stop at 19619)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19458.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels...
Previous 2-3 years China economic was very "sick", however I suppose now Hang Seng Index has found the bottom. Next year (from this moment) will be a good year for investing in China.
🔹HSI is in a falling trend channel in the medium long term.
🔹An inverse head and shoulders formation is under development.
🔹Break upwards through 19400 will be a positive signal.
🔹Overall assessed as technically slightly negative for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder |...
HK50, H2 view, lets see if the BEARISH continuation plays out,
FYI, trend touch on the H4 TF, but observe price action, lets see if 3rd touch / best touch in this case are valid.
observation : RSI shows no signs of weakness
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...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
- 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...
![HSI: HSI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/q/qRhkvQtl_mid.png "HSI - Falling Trend Channel [MID TERM]")
![HSI: HSI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/m/m6tIJ00x_mid.png "HSI - Falling Trend Channel [MID TERM]")
