Hang Seng Index - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
Hk33
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 26619 (Horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 24316 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
HK33 Long- will allocate long at these levels
- Volume Profile suggest support building between 28700 and 28000, Profile thins-out above this range.
- price has broken purple Trendline
- price has broken first Retracement
HK33(Hong Kong) weekly big shortThis look very promising.
We already broke the previous top. If you put it on a daily you will see that we already reversed after the breakout and we are consolidating for a very big short.
Do not miss on this one
hk33 small sell setuphk33 will sell the breakout!! for a short term trade may extend targets will update
