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!
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See other ideas below too!
Hangsengindex
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.
HSI1! 2021 Apr 26 Week (Intraday)
HSI1! 2021 Apr 26 Week (Intraday)
It looks like price will try to reach for 29318 and
possibly attempt the resistance level.
Immediate support = 28426 - 28484
Immediate resistance = 29243
Entry preference remains at SR zones.
Remember to like and follow if you find this useful.
Have a good trading week ahead.
HSI1! 2021 Apr 19 Week (Intraday)
HSI1! 2021 Apr 19 Week (Intraday)
Noticed that price weren't able to make its way past the midpoint of the channel.
Is the market weakening?
The support and resistance zone remains. No change to trade levels.
1) Use the range of previous ultra high volume bar as a guide for a immediate support/resistance.
Clue:
Ultra high volume, wide spread down bar is a sign of strength, WAIT for long opportunity in lower TF.
Ultra high volume, wide spread up bar is a sign of weakness, WAIT for long opportunity in LTF.
HSI1! 2021 Apr 12 Week (Intraday)
HSI1! 2021 Apr 12 Week (Intraday)
Bar 2 came down to test supply of Bar 1, and closed off its low.
Price may come back down to test for supply again before moving up.
Will wait for a reversal pattern, preferably at the supply line of the
channel, to long.
Or green/red zones cab be entry zones as well.
HANG SENG READY FLYWhen the Whole world needs to take some breather , Hong kong is an exeption.
Elliot wave count is somewhat tricky but I tried my best.
Wave Y (double zigzag) completed on Feb2018 . This index took 2 years time to form its first leg of correction(wave a of 'X' wave) The proceeding Wave b,will have a time target of July 2021
At present this index will reach 32255 (C=1.618 times of waveA)marked in white colour.
SELVAM.B
NEOwave practitioner
HSI1! 2021 Apr 05 Week (intraday)
HKEX:HSI1!
HSI1! 2021 Apr 05 Week (intraday)
Daily = bearish | H4 = bullish / H1 = bullish
Last week's short on test of high was only good for 29 Mar as
resistance turned support, after which we had to recognize and
adopt a long strategy.
Demand has weakened, foreseeing the holiday.
Strategy remains that green/red zones remain the preferred entry levels
Like and follow if you find this useful.
Have a profitable trading week.
HSI1! 2021 Mar 22 Week
HKEX:HSI1!
HSI1! 2021 Mar 22 Week
Red/Green zone = preferred entry
H4 = price rotation
Daily / Weekly = bearish
Levels unchanged. Ultra high buy volume came 1, but are these to distribute?
Bar 2 sell doesn't yield result compared to previous down bars.
So either we continue to see price rotation or there may be long opportunity.
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 15 Week
HSI1! 2021 Mar 15 Week
Red/Green zone = preferred entry
W = Bullish / D = bearish
Last week' range bound within Bar1 1's low and Bar2's high provided some nice rotation play.
Bar 3's upthrust was perfect for short.
Not much has changed in the levels. Likely still rotation play or just maybe, we will see a
breakout to the down side?
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 08 Week
HSI1! 2021 Mar 08 Week
Red/Green zone = preferred entry
Grey zone = price rotation, entry opportunities on breakout of zone
M / W/ D = bearish
Demand was present at bar 1, however no evidence of change in trend since
market is still making lower highs.
Will prefer to keep on the short side.
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 01 Week
HSI1! 2021 Mar 01 Week
Red/Green zone = preferred entry
What a mighty down move from 22 Feb's alert on selling.
On daily chart we see some buying, however note the low volume on buy, so let's watch
on 01 Mar to see if more buy volume will come in to support.
Otherwise we can see 28078-28168 as test of previous support
Previous peak demand zone was at 26414.
Have a profitable trading week ahead. HKEX:HSI1!
HSI1! 2021 FEB 15 Week
HKEX:HSI1!
HSI1! 2021 FEB 15 Week
Weekly, Daily, Current TF = Shortening of thrust
Last bar price advanced on weaker volume.
If story were to repeat itself, per price action at resistance
1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate resistance comes into play and market comes down.
If long, possible scenarios
1) long on dip, volume declines as price comes down,
volume on advancing bars should be strong
2) immediate push up on reasonably strong volume with high of bar A
acting as the immediate support.
3) if push up is on ultra high volume, wait for test and enter.
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
GONG HEI FATT CHOI!
Hand Seng Index Projection for 2021Just want to log a model projection for the Hang Seng Index (HSI)...
To the green ellipse and then to the red.
HSI is very bullish, and would continue to be so, apparently in a multi-year fashion.
Deep retracements provide opportunities, but we need to draw the lines and know when to take action.
Meanwhile, just enjoy the ride... Asia it is, and Honk Kong may just be it!