dancing cha-cha within the range ; be cautious
HK50 
HSI Helloy bello everyone!
Seems like the party ain't ending soon, is dancing cha-cha for the past few 1H candles
From the 4H, it seems inching down.
as the MACD & KDJ both indicating bearish mode.
Cross-checked with broader tf chart - D chart. And it's at oversold zone; keep an eye as it may rebound.
The 1H chart - the Index grasping at the level between 19200-19500
Support : 19200 (yesterday texted 19224; if breaks then next 18960)
Resistance :19500 (if breaks then 19650).
For day trade: same strategy, sell at resistance (19370-19400); buy/TP at support (19250-19270).
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
For swing trade : Set your tf, have your entry and exit plan.
For slightly mid-long term trade (more than 9months - 36months++) : You may plan and DCA the Index. You may take a long position on HSI Tracker Fund 2800
2800 The Index is currently in a discount zone as it's traded 30% above its historical all-time-lo (ATL);
Ignore the news and plan for your long term capital gain game plan, be patience and zen.
The law of attraction; we know that whatever bottom eventually rebounds, it's a matter of time.
DYODD. Plan your trade, do not listen to anyone. You can't make the money beyond your realm of capabilities.
Sticktoyourplan follow your trading strategy. Set your SL/TP.
Once all is set, let's zen with 📙 and 🍵 wait for the results.
Happy Trading Everyone!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.