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Hang Seng Index (HSI) has started a rising wedge pattern since March 2020. It has just broken the wedge pattern last Friday, closing low than 24814. See if the breakdown is confirmed in the next 2 trading days. If it goes back to the wedge, look for a SHORT at 26050 level in October. The Risk / Reward Ratio is 1:5.6 Target: 21500 (Some main long term trend...

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DIA (SPDR Dow Jones Industrial Average ETF Trust) is falling close to the previous sideway consolidation (Aug 2015 - Feb 2016). Watching TWO Levels on DIA: - 177.5 (Where DJI started its long bull market from Nov 2016) - 164.5 (Above the legs of the previous sideway consolidation & 2.618 of the Fib Cicle) These levels show some reset for the market and should...

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The recent drop for HSI started on 20 Jan 2020 at 29174.9. It would be a good level and good narrative to buy after seeing it dropped for 30% or -8,888 from the last top. Buy at 20286.9, accumulate below 23631.5. We would expect the market to stabilize and have a rally before US Election 2020.

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Bitcoin is expected to hit 6100 level soon. It may also hit the long term support trendline at around 5000 level. A lot of people or algos would take the long term support trendline for reference and step in to trade bitcoin around that level. Let's see how it would play out. In addition to the support trendline, there is an important crossover for the...

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While everyone is trying catch a bottom, the HSI Inverted Weekly Chart gives a bearish view on the Hang Seng Index. The candles from the last three weeks are bearish: 1) A Reversal Red Candle 2) A Gap with Solid Long Red Candle 3) Green Candle with Long Wick In the coming two weeks it may hit and test the weekly support line at around 25180. Let's see how the...

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SHORT at around 26490, placing stop loss at 26630. Looking to take profit at 25360. Risk / Reward Ratio is 1:8

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The Hang Seng Index has been moving within an upward channel since Aug 2019, which is around 5 months time. Now it is at the top of the channel and is due for a correction. My guess for the correction would be at least to 27700. Then we would watch the level 27470, a critical level above the big gap up. If that gap is NOT filled, it would be bullish and the...

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In the daily chart DJI shows RSI divergence and the index is due for a correction to previous major support level 26600 to 26800. LONG the market around 26600 to 26800 level, preferably with bullish divergence in the 1-hour chart. The SUPER WILD GUESS: - Target ONE: DJI 30000, the TRUMP TARGET. - Target TWO: 30720, bonus, target based on Fib Time Zone.

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The Hang Seng Index has completed a few months double bottom pattern and broke above the neckline around 27350 with a breakout gap. If the breakout gap is not filled, the index is likely to boost to the target 30280 like it happened last year. After reaching 27940, wait for a pullback referencing to the trendline and go LONG. Stop Loss is at level 27200, placed...

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Go long around level 26700 - 26810. The lower the better. Can use pink line for reference. Guess it would boost upward after standing 26810. Target is 27030, Stop Loss placed below previous low 26670.

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Look for an hourly close above 26195 to confirm potential reversal, based on 1hr renko chart. Look for a retracement and enter LONG around the range 26130 and 26195. Stop Loss placed under 26020, below the long 1hr candle. The target level is 26560, with Risk / Reward Ratio 1:2

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The market may play between a narrow range these few days e.g. 25300 - 25500, which may be a good chance to go LONG. It may have a bigger move upward in September once the index breaks the downward trendline. Stop loss is placed around 25200, the previous low.

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It is a good opportunity to buy the dip at 25480 level. The stop loss is placed slightly below recent low 25300, the target is 26200. This trade has a very attractive risk / reward ratio of 1:4

chchart Updated 

HSI is currently in an uptrend, the critical 29000 level would be reached soon and then push up further. Upside Target: 29250, 29400 Support: 28700, 28850 To fill the gap above 29400, it would require really good news about trade deal between US and China.

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HSI had a strong gap and breakout after the weekend. The index is currently moving within the two sets of upward channels, we expect the trend to continue if it holds. The Potential Upside Target for HSI would be 29700, 30000 and 30300. We should see some kinds of retracement after reaching TP1 before advancing further.

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SELL When: - RSI reaches 90 - Touches the RED Line with RSI reaches 80 - Bearish RSI Divergence occurs BUY When: - Touches the GREEN Line with RSI reaches 35 - Bullish RSI Divergence occurs

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SELL When: - Touches the RED Line with RSI reaches 70 - Bearish RSI Divergence occurs BUY When: - Touches the GREEN Line with RSI reaches 35 - Bullish RSI Divergence occurs

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SELL When: - Touches the RED Line with RSI reaches 70 - Bearish RSI Divergence occurs BUY When: - Touches the GREEN Line with RSI reaches 35 - Bullish RSI Divergence occurs