30 Aug to 3 Sept 2021 bearish alert?Last week, we predict this week might rebouce until 26840.
However, this week HSI has not enough power to rise back at 26840, therefore we may assume that next week 30/8/21 to 3/9/21 will break through 24750.
The assumption is based on the Zigzag down trend hasn't reaches it new bottom.
We predict that Hang Seng Index might reach it previous low point 23130 within 2 week in future. If HSI didnt break through 23130, then it will rebounce.
This is our new update, and we might no update any new post next two week, hope everyone good luck
Hangsengindex
Hang Seng Index Rebounded Sharply after Touching 24,850 SupportThe Hang Seng Index found some support at 24,850 and has since rebounded.
Holding above this level may pave the way for a technical rebound towards 26,200 – the 61.8% Fibonacci retracement.
The MACD indicator remains below the neutral midpoint, underscoring bearish momentum.
Prediction of HSI trend this week 23 Aug to 27 Aug 2021Hi guys, well, as last week predict, this week probably will be the rebounce of HSI, and today it has a small rebounce. Therefore, for this week, it is importance that whether the trend will kill going up or drop down and break the bottom support line.
Altough Zigzag hasn't reach it new bottom, the same rebounce can be found at the end of June 2021. Therefore, we may predict this week will rebounce as before.
This is my comment for this week, and probably wont update again until next week. Sorry for poor english, if this can help some one else, it is my honor.
Buyers to move. Is the triangle almost complete?For the flows here, buyers are clearly in control and have been over multiple decades - although since 2016 we have been inside a compression range which looks set to blow later in 2022. Strong support comes into play at 23,500 which should be enough to cap the outflows before continuation in a bull market towards a measure 40,000 breakout target.
↳ To the downside sellers are itching to test 23,500 and it looks within reach. It is dangerous to step in till we complete the moves, because the eye of the law is on it.
↳ After 23,500 comes the slingshot attempt towards 40,000, which will likely be a Q222 story, as will also reinstate the secular bull market and allow gains in confidence to play an important part in capital migration from West to East.
↳ To sum up, there is the following zig zag in play; 25,000 (current levels) -> 23,500 (strong support) -> 40,000 (strong resistance)
Of course on the fundamental side, the rocking of the cradle from the nanny state continues and we are entering into the final chapters of the handover. Naturally when choosing a map in equities you should take into account its elasticity with the currency and the threats it can deliver, highly recommend tracking the Chinese Yuan over the coming weeks and months for any signs of distress as we enter into strong support levels.
HSI1! 2021 Aug 23 WeekHSI!!
HSI1! 2021 Aug 23 Week
Last week's long levels become short levels market did not even try to test the immediate high.
Supply proved stronger. Market returned to test the UHV, and it looks like a spring has occured
Weekly: Wide Spread sown bar closing off lows = Demand has come in.
Daily: Wide spread down closing in middle, rejection of lower prices. Reduced bearish volume on the test.
H4: Demand has come in to support the market. Bearish effort no result, reduced bearish volume on test of previous low.
Prefer to long on test of low.
Strategy for Short (Test and Reject):
- 26900 - 26584
- 25814
Strategy for Long (Test and Support):
- 25400
- 24780
- 24306
- 23870
Have a sane trading week for Hang Seng : )
Next week Hang Seng Index Rebounce? As we predicted last night, today the hangseng index come to the lower point of 24748 (27/7/21) before, but didn't break through the lower point. Therefore, the main point for next week is whether the hangseng index will rebounce or not?
Reading from MACD and RSI, even today come to the lower point, but the RSI and MACD not yet touch or over the lower point as 27/7/21 reached. It may be study as it might potentialy rise in the future, but on the other hand, it may also study as remain potential to drop again. All the assumption have to depend on the CHINA government policies.
Therefore, we may observe the trend on next Monday whether it rebounce or break through the frame.
will HSI Index Rebounce or continue Retracement at 20 AugustToday HangSengIndex drop as expected, therefore the main point is, will the retracement will end at tomorrow 20/8/21?
According to our analysis, we expect that August will be the month of retracement of HangSengIndex. This week will decide whether the index will rebouce or keep dropping, we expect 20/08/21 will be the last drop of HSI. If next week monday, the index break through the bottom support line of 24755, it might start to drop more faster than expect, but if rebouce and rise at next week, we expect it might rise back to 26800 next month. Or, 3RD possiblility, is that it might go as pattern (3) as the chart listed, and continue retracement until the end of August or Half of September
SORRY ABOUT THE POOR ENGLISH AND HOPE EVERYONE MAY EARN PROFIT IN FUTURE.
HSI1! 2021 Aug 16 WeekHSI1!
HSI1! 2021 Aug 16 Week
Gentle ascend, intermediate trend channel established.
High probability short trade from the upthrust.
Tested Historic UHV High from 27 Jul
Weekly: Up bar close above middle
(some strength, but supply still present)
Daily: Strength coming in
H4: Supply still present and Lower High
Strategy for Short (Test and Reject):
- 26900
- 26584
Strategy for Long (Test and Support):
- 25815
- 25560
- 24743 - 24930
- 26340 (ultimate confirmation if there is acceptance
at this price followed by strong bullish volume)
Have a sane trading week for Hang Seng : )
2021 Aug 09 Week HSI1!
HSI1!
HSI1! 2021 Aug 09 Week
Last week's market:
= No follow through in breakout - Weakness
- Upthrust and returned to rotation zone = weakness
- Yet to test the Historic UHV from 27 Jul
- Market in 650pt rotation (grey box)
Monthly = UHV wide spread down bar closing off low (Change in behavior takes time)
Weekly = Potential demand, close on middle 26042
Daily: No result from Reversal1. Last bar closing off low, no sign of strength yet
H4: Supply still present. (Weakness appears on Up bars)
Immediate Resistance 26340 - 26483
Intermediate support 25560 - 25650
Strategy:
1) Price reaction off Red/Green Zones
2) Price reaction off boundary of rotation zone (grey box)
2021 Aug 02 Week
OANDA:HK33HKD
2021 Aug 02 Week
Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar.
Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision.
Price bounced off Monthly channel demand line.
Daily: Shakeout + Reversal = Strength. Market was resisted at 26340 temporarily.
Given the UHV, there should still be supply to clear.
H4: Bar A UHV ultra wide spread bar closing off low = strength. Automatic reversal after climatic Bar A
has reasonably good bullish volume. Test of the lower region of bar A is to be expected.
Bar B test of low has off the low and level with bar A, some demand is present.
Strategy:
(1) Red/Green zones = preferred entry
(2) Dotted Red/Green is to indicate late entry, but risk will be higher since SL is further away
Remember to follow and like if you find this useful.
Have a profitable week ahead.
Hang Seng Index Futures at Key Inflection Point, Top to Resume?After tumbling recently, Hang Seng Futures are back to retesting a former trendline from 2020 as new resistance.
This is also around the often pivotal 61.8% Fibonacci retracement at 26078.
The near-term 20- and 50-day Simple Moving Averages (SMAs) still offer a downside bias, potentially acting as key resistance in the event prices materially push higher.
Otherwise, downtrend resumption entails clearing key support, which seems to be the 78.6% level at 24708, as the index flirts with bear market territory.
HSI1!
HANG SENG INDEX Will Go Down! Sell!
Hello,Traders!
HSI is trading below a strong horizontal resistance
That was established 4 months ago
And once the index retested the level
We saw a nice bearish reaction
Given the renewed lockdowns in some parts of China
Together with the 2nd biggest port brought to a halt
And the persistent news of the Radioactive leak In the Southern Provinces
The sentiment isn't optimistic
And the date on sales of cars and smartphones China confirms that
All of that combined make a bearish correction very real
And the target is near the previous low that stands at -4%
Vis a vis the current levels
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
HSI1! 2021 June 21 Week (Intraday)
HSI1!
HSI1! 2021 June 21 Week (Intraday)
Market has made lower high and we can now visualize a down channel.
Intermittent support at 28441.
Scenario:
1) Short opportunity if price returns to test 28751 - 28655 region
2) Wait for price reaction at red/green zone before taking position.
[HK50 Short] 8 June, 2021 - Roger V Trading Ideas08/06/2021
HK50
Entry Resistance level idea:
Range between 30250 to 30800 Resistance
TP Support level idea:
1st aim: 29000
Final aim: 26720
Final SL for all Short positions:
31315 Resistance Level
Comments:
RVTA trading ideas on HK50, looking at the monthly chart, we can see multiple candlestick has formed in a consolidation queue. This shows that in the long term trend, if it get resisted in between 30250 to 30800 resistance level, the main direction for HK50 will go in a bearish trend over at least 3-6 months time from the date 8/6/2021 writing this trading idea.
However, if it was to break the final SL of RVTA trading ideas of 31315 resistance. As per RVTA strategy secrets, it will inversely default look long position for HK50. (Please beware of fake breakouts.)
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Hang Seng Tech Index May Breach the "Descending Channel"- the Hang Seng Tech Index is challenging the ceiling of the "Descending Channel". A successful try may open the door for further gains
- Positive MACD Convergence underscores upward momentum
- A pullback from here may intensify near-term selling pressure however
HSI1! 2020 May 31 Week (Intraday)
HSI1!
HSI1! 2020 May 31 Week (Intraday)
Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation
Bar 1 = weakness, no result from effort
Bar 2 = Upthrust = weakness
Bar 3 = reversal = weakness
Red/Green zone = preferred entry
Immediate support = 28942
If price continues to peel away from the supply (upper line of the channel,
means upward momentum may be weakening / pausing.
HSI1! 17 May 2021 Week (Intraday)
HSI1! 17 May 2021 Week (Intraday)
Weekly = TBC | Daily = Bearish, H4 and below = Bullish
Green zone target was reached last week, and market broke down and reach for the lower green zone.
Market is still making lower highs and in a downtrend, so prefer to short on test of the below levels
Scenario
1) Market may attempt to close gap
2) Short levels 28753 / 28565 / 28231
Have a good trading week ahead.
HSI1! 10 May 2021 Week (Intraday)
HSI1!
HSI1! 10 May 2021 Week (Intraday)
Weekly | Daily = TBC, H4 and below = Bullish
03 May Week - Rejection scenario played out and green zone price target was reached.
After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well.
Notice how the demand line of a previous channel (grey) acted as a resistance with the highs tracing that line.
Will market attempt to return to previous channel?
Scenario:
If 28663 is accepted, price may attempt 29820.
Else we may again see green zone as price target.
Have a good trading week ahead.
HSI1! 03 May 2021 Week (Intraday)
HSI1!
HSI1! 03 May 2021 Week
Weekly = Bullish, Daily = Pending, H4 and below = Bearish
Market was within the 29252 - 28440 range
Market currently is oversold as it went below the channel at the moment.
Market may attempt to return to the channel
Scenario:
Acceptance into channel price may try 29200
Rejection: the green zones may be the price target.
Have a good trading week ahead.