$HSI -- Expanding upon previous trade ideaPretty clear secondary H&S forming on the $HSI daily chart, short the right shoulder with a stop....
Hangseng
HSI, are we going to 31600 ?Here is all patterns i can see with current HSI structure.
At 31600, there is a bearish gartley (78%).
At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD .
I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level.
HSI could rally up to 31600, falls down 27400 and bounces back to 31600 again and higher...
Hang Seng: Symmetrical Golden/ Death Cross. Long term Buy SignalHang Seng has been devastated by the recent negative geopolitical climate, reaching in August the 24,900 1W Support. The rebound that followed on 1D was rejected near the Lower High trend line (dashed) and 1D MA200 (orange line) thus keeping 1W bearish (RSI = 43.695, MACD = -309.550, Highs/Lows = -317.3100).
We have had a Death Cross formation on that bottom and interestingly enough it is symmetrical with the Golden Cross in March. Since we already tested the 1W Support there are more probabilities now to resume the uptrend and reach at least the 0.618 Fibonacci retracement level (currently at 28,200) like Hang Seng did on its 2019 top. Anything above that will be bullish towards at least 30,200 (2019 High).
If however by any chance the index dip again to the 1W Support (the 2018 bottom was at 24,500) then that would be an even stronger long term buy signal towards the 33,500 ATH.
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$HSI - Hang Seng Testing Key Support$HSI is approaching our Monthly Support Level (blue) of 25,166.
It has staged steady rallies since, but given the external global macro headwinds, and internal political strife, we see $HSI breaching this support and heading lower.
Watch this space...
Hang Seng to continue Lower?Not the textbook example of a head and shoulders pattern on the Hang Seng, but nonetheless showing us a transition from higher lows (uptrend) to now lower highs (downtrend).
I wouldn't really want to trade equities given world equity markets are remaining poised for the Federal Reserve rate decision...but I do like the break, and if we can confirm the retest here with a close below 27980 it would have my attention.
The 27400 zone is a potential first profit target.
China has come out saying they will not accept the protests in Hong Kong. They want things to cool down. If you follow my work, I have said China wants more control over Hong Kong (mostly getting rid of British Law) because it is a way for people to get money out of the country (also through Bitcoin as well), but also a way for Mainland China to get away from US Tariffs. Hong Kong is not targeted by Tariffs so Mainland can export from Hong Kong.
HSI Upside Target (July 2019)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.
Morning star on HANG SENG. 29 june Trading Idea. With Xi and Trump meeting this weekend, I'm expecting good news from them as the market close with a very bullish pattern. Going long here should be very rewarding as there is potential for upside than downside. 27910 will be our SL.
HSI Approaching Support, Prepare For A BounceHSI is bouncing off its 1st support(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at (61.8% Fibonacci retracement , horizontal swing high resistance).
ichimoku cloud is also showing support where a corresponding bounce could occur.
LONG HSI is approaching its support at 27240.6
HSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI is approaching its support at 27240.6 (100% Fibonacci extensHSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A Bounce
HSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A Bounce
Buy above. Stop loss at. Take profit at.
Reason for the trading strategy (technically):
HSI is approaching its support at 27240.6 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Hang Seng bearishEnded last week with a daily that bearishly engulfed the prior 3 days and it's rally back towards its all time high stopped right around the .618. I'd have to call that a dead cat. Also a hanging man at the top where the rally ended along with an island. Currently losing this fib level as we speak. looks bad.
Hang Seng HSI perfect bearish Butterfly161% reached perfectly and failed ...
Target is 50% retracement and then 100%
Hang Seng index Approaching Support, Prepare For A Bounce
HSI is approaching its support at 28788.6 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 29422.9 (50% Fibonacci retracement , horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI (Hang Seng) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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HSI has been labeled within a Sub-Millennium degree wave 4 (blue), which has been unfolding ever since the 2007-2008 Recession.
Structure - Expanding Flat Formation
Oct 2007 peaks and down until Oct 2008 bottoms - Grand Super-Cycle wave a (red)
Oct 2008 bottoms and up until Nov 2010 tops - Super-Cycle wave (a) (purple)
Nov 2010 tops and down until Feb 2016 lows - Super-Cycle wave (b) (purple)
Feb 2016 lows and up until present times - Super-Cycle wave (c) (black)
Super-Cycle wave (c) (black)
Pattern - Ending Diagonal
Sequence - 5-Wave Sequence, with Cycle Waves I II III IV V (black) decomposed as Primary A-B-C (blue)
Current PositionCycle Wave III (black)
Next expected swing
Bearish sequence in Primary B (blue)
Market Crash Forecast
Support granted at or around the 28000.00 mark and then a bull run towards the 33000.00 levels, where the Grand Super-Cycle Wave b (red) is expected to complete.
Grand Super-Cycle Wave c (red) would reflect the next Larger Degree Recession.
Structure change
Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
Hang Seng index Approaching Resistance, Prepare For A ReversalHang Seng index is approaching its resistance at 29416.2 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 28788.6 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Ichimoku cloud also shows a corresponding reversal is expected.
Hang Seng index Approaching Support, Prepare For A Bounce is app
HIS is approaching its support at 28788.6 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 29422.9 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HANG SENG: Weekly OUTLOOK!#OpportunityHey tradomaniacs,
welcome to my analysis for HANG SENG HSI.
Everything I want to say is shown in the chart.
Since this market is political-driven we should still wait for the outcome of the tradewar, especially for China and USA.
Every good news seems to be enough for the market to buy.. but still with a very low volume!
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Hangseng Approaching 30,000 Overall market structure is still very bullish looking.
but it is near the toppish level,... shall wait for a VALID BEAR to go for a short
Hang Seng Set for Renewed UptrendUS China trade war resolution more forcefully impacts Shanghai Composite and Shenzhen Component, but Hang Seng should also see some gains. Moreover, we have seen a bit more progress in the negotiations apparently with tech transfers, tech war. Let's see if it pans out though. For more, check out www.anthonylaurence.wordpress.com
