HK50 Reaching Bottom of Yearly VWAP !Buy possibility on the HK50 as we are in an extremely bullish phase, and the HK50 seems to have reentered into its yearly VWAP, looks like it is at a prime buying position!
Hk50
HK50 WK1: XABCD 30-40% correction up next?(NEW)Why get subbed to me on Tradingview?
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HK50 WK1: XABCD 30-40% correction up next?(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: HK50 weekly chart overview/outlook
::: speculative XABCD setup
::: expecting major weakness soon
::: it's possible that we get
::: a few sessions in range lock
::: to develop the distribution setup
::: 30-40% mark down off the current highs
::: re-test near 16000/16500 points
::: STRATEGY: short sell any rallies
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
::: fundumentals also deteriorating fast
::: all the good news already priced in.
::: this is also important for CRYPTO
::: because next leg down in US stocks
::: may lead to mark down 30% in CRYPTO assets
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
China Next move China hit a very strong support when it fell 9% in the past weeks.
This support is holding strong and retested today again.
Going long for the long term for the price of ~16k
Good luck for everyone,
Cheers!
HKXHKD50 || HK50 || about 10:1Trading a perhaps* Bearish flag.
*Perhaps, because, despite such Bearish momentum, anything aye still possible.
After TP1 clicks, If the market shows more of Bullish possibilities. Then RR should be... you know what, "hold my drink"
Ok,
For trade, setting two entries. Same SL, different TP.
If TP1 hit, and TP2 doesn't. Then RR becomes about 9:1, instead of about 10:1.
This =/= break even.
@Smilq
Hang Seng- After fearHong Kong index dropped after china crack down again own companies but these were headlines in all media "Crack Down" , but reality is little different china want maximum cooperation from some giant companies and some security issues specially DIDI IPO in USA.
HK50: Consolidation is broken upwards.Consolidation is broken upwards. If they go above 29502, they can grow to the area of 31710. The stop can be kept below 28150.
[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.)
--------------------
(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.)
--------------------
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.
[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.)
--------------------
(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.)
--------------------
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.
HK50 is giving signals of this reversing for a few days ago!Hi Everyone! The HK50 is giving us signals of a probably reversing trend for a couple of days! I think we have enough signals at least a Short momentum for the next few Days! So for Day trade, I advise you to prepare your setup only for short positions for while!
Well, that´s my opinion!
Good Trades for everyone! and have a nice week!
Hang Seng - Possible short term correction? After rejecting the weekly resistance at 30,000 big number, the weekly timeframe printed a bearish engulfing candlestick that suggest a possible reversal is coming. Daily looks like just a pullback but with an aggressive decline. 4H timeframe formed a double top with bearish momentum divergence.
If price pulled back in a corrective manner we could possible see another leg down to next support level at 26,800 or much lower.
Reach the top of the ascending channelAfter the breakthrough on two weeks before, HSI is heading to the top of the ascending channel, it doesn’t mean try to short, like, just short call to make a cover call strategy or wait for some pull back for a long chance
HSIRemember $HSI?
Did nothing since my last post 3 weeks ago.
Still Fascinating thought
👀
THE index to trade with price levels
HK50 : SHORTIm looking to short HK50 once it shows a sign of reversal, im looking to profit from the pull back.
Another opportunity to Short HKXHKD (HK50)FOREXCOM:HKXHKD is still in Seller's territory and now is a good time to short.
Purely Price Action setup and here is my personal trade opinion:
Sell Limit at 23,891
Stop Loss at 24,400
Take Profit at 22,589
Risk Reward Ratio = 2.63R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Potential Short for HKXHKDThe FOREXCOM:HKXHKD prices had been consolidating for quite a while and not creating any higher highs (HHs). Yesterday was a good setup to short after the compression was done, but I failed to catch it.
This morning, I saw another good opportunity to short with a condition that the price will close at 24,190 area.
Here is my personal trade opinion :
Sell Stop at 24,190
Stop Loss at 25,000
Take Profit at 23,125
Risk Reward Ratio = 1.35R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
HSI/HK50: 25% correction & best level to RELOAD/BULLS(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
HSI/HK50: 25% correction & best level to RELOAD/BULLS(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: HSI/HK50 weekly chart review
::: massive H*S setup in progress
::: 25% correction up next
::: runaway BEAR gap previously
::: signals more downside mid-term
::: PT is 19 000 within 4-10 weeks now
::: weak chart and no upside until S/R
::: right now you can only SHORT IT
::: correction can last 4-10 weeks
::: 19 000 best reload BULLS later after corr
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
High probable reversalI took this reversal trade with 4 confirmations
1 : Price was moving sideways around this area of support
2 : RSI was below 30 indicating oversold
3: Price was rejected by lower bollinger bands
4:Hammer candlestick on weekly chart
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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HK50 LONG OPPORTUNITYIndices globally have been in a downturn as the trade tensions between Trump and China heated up however should we expect some short term relief?
The market works in trend and tends to bounce between support and resistance zones. The HK50 (Hang Seng) has reacted from the key weekly support of 25300.00. Looking left you can see how this level has been used significantly in the past and could find some buyers at least into the key resistance of 28500.00.
HK50 LONG FROM WEEKLY SUPPORTIndices globally have been in a downturn as the trade tensions between Trump and China heated up however should we expect some short term relief?
The market works in trend and tends to bounce between support and resistance zones. The HK50 (Hang Seng) has reacted from the key weekly support of 25300.00. Looking left you can see how this level has been used significantly in the past and could find some buyers at least into the key resistance of 28500.00.
