Is the handshake with magic lantern signal the 'open sesame'?Hello everyone have you found your magic🏮 yet?
😂 😂 😂
Retracement is healthy for continuous bullish mode.
HSI:HSI
D chart on HSI
As mentioned before :-The next strong resistance will be the last Oct2024 Hi at 23241.
How far to reach the ATH from today? from previous post as predicted it's not that far!
We definitely be there this week!
From the soar early this week, today expecting a pullback in order to retest the Hi.
KDJ - is at overbought and red zone.
Look at the 4H chart
PEPPERSTONE:HK50
MACD - bullish zone
KDJ - now at overbought and retracement mode (bearish mode)
BB - Index continue trading above BB midline and stay within upper BB channel. Be cautious and it could retrace to lower BB range.
Today Trade Plan:
Buy into support : 22550 - 22665 (key support level for 1H Chart)
Sell at resistance : 22800 -22890
Look at the 1H chart.
MACD : it is still at bullish zone but cautious if its not above stay above the support level and might break below zero line and turned bearish.
KDJ : retraced completed and reversal from oversold zone turning into green.
BB : start coming down trade range at lower BB range. Potential for accumulation and easy win when it hit the bottom of lower BB.
Lower BB : Today support level should be at 22475- 22570 (to continue bullish it needs to stay above this level)
Resistance : 22900-23000
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.
Happy Trading everyone!
Hope you found your magic🏮, rub it and whisper your own "open sesame" phrase and boom!
www.straitstimes.com
Reminder : still early and start to accumulate China & HKG for the potential upside for the year!
HKEX:2800 HKEX:2823 HKEX:2801 HKEX:3067
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