W1 Tf - long bias Price in low curve, and reaching W1 demand. Prepare to go LONG again D1 Direction To observe where price will go next week - no trade yet
W1 - Short Bias D1 - Direction Price is consolidating in between zones H4 - intermediate Direction Price is unclear at the moment, need to observe 1H Entry TF (temp buy as D1 Demand zone is unbroken yet) - need confirmation Buy zone identified TP: about 1:3.42
The HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants...
Hong 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.
Consolidation is broken upwards. If they go above 29502, they can grow to the area of 31710. The stop can be kept below 28150.