Hang Seng Index - HSI - 7 to 10% of growth in next 15 daysHSI has recently finished primary wave 2 down and its now tracing the beginning phase of a long primary wave 3 up. The current wave countindicates we are in a minute wave 3 up that should most probably elevate prices up to 1 to 1.618 of wave 1. This means 7 to 10% in the next 15 days. FOLLOW SKYLINEPRO TO GET UPDATES.
Hang Seng HSI
Hong Kong Stock Index (The economy is in BAD Shape)View On Hong Kong Stock Index (6 MAY 2020)
HK economy is in the bad shape and it has yet to reflect accordingly in the stock markets of it.
We are seeing some bounce up from 23,500 regions and expect it shall be short-lived.
As long as the price can't break up the resistant region of 24,250-25,000 region, HSI index will go alot lower soon.
The support level shall be 23,400 and 22,800 and beyond.
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Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Like others, Hong Kong needs help ......Read these articles here and here
Hong Kong has not get out of its messy state since the street protests months ago. Like other countries that are grappling with how best to handle Covid-19, it is facing immense pressure from business sectors and the people staying in HK. I guess, this is the worst time to be the leader of any country, juggling both ends of the burning candles.
We shorted at 24106 last nite and had pocketed roughly 1000 profits. The 1H chart has just reversed to a short term bullish trend.
We still think there is more room to head south in the coming days.....
Exuberance is Beauty - William BlakeWhat do you see ?
What do you observe ?
What do you want to do ?
How do you decide ?
Why do you do what you do ?
HANG SENG INDEX (HSI) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
HSI back to 21650 level? We can see multiple rejections at 24560 region with series of LHLL market structure. If price fails to defend at 23000 area, we should expect the bear market to continue.
TImeStamp: 16 April 2020 11:32AM
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trade Ideas Position: GBPAUD SharkA trend trading setup on GBPAUD is spotted on the 1-hourly timeframe. The market has an arrow indicator and to further confirm the setup there is an RSI Divergence on this trade.
Let see if we are still in time for this setup. Check out link(3) to receive my entry, stop and targets.
Trade Ideas Position: GBPAUD BatGBPAUD has a complete bearish bat setup, and it is a counter-trend trade. This setup has a great Reward: Risk and market are near point X, the only concern is that GBPAUD is usually volatile and having it exceed point X before heading towards profit direction is a common scene.
Hang Seng Index may be bearish in coming 6 monthsWhen checking the Hang Seng Index HSI monthly chart, you can see the HSI has finished the wave 1 to 5 and starts to go from wave A - C. HSI is now testing the strong resistance at aound 29,000 to 29,100. If this resistance cannot be breakthrough, it is likely that HSI will start to go in wave C. According to the Fib, the first target will be 22843 which is 0.5 level of Fib extension. If the bearish force won't stop at this point, it may test the 0.68 level, that means 20331.
Wait for an accumulated 30% drop and BUY at 20286.9 for HSIThe recent drop for HSI started on 20 Jan 2020 at 29174.9.
It would be a good level and good narrative to buy after seeing it dropped for 30% or -8,888 from the last top.
Buy at 20286.9, accumulate below 23631.5.
We would expect the market to stabilize and have a rally before US Election 2020.
China BottomLooks like China finally realized they're headed for a recession if the rest of the world goes into one. Hang Seng still has a way to go until it hits bottom, and at the rate this is going, probably next week.
Maintaining bearishness until end of next week, even though I expect an up day on Friday as shorts cover before the weekend.
Note that MFI is not oversold yet on the daily or my usual 4 hr chart. I had to post the daily chart just to find teh next support.
Trade Ideas Analysis: USDJPY Check-BackIf a break below and close below of the current candle happens, I will engage a short trade.
Trading at C is not what I advocate traders to do. The reason is that it is not a pattern until it completes and reverses at point D.
In this case, it is possible because it has a Bearish Gartley Pattern that was ahead of it and a check-back to the HSI Arrow and a relatively acceptable reward: risk.
Trade Ideas Position: GBPUSD CrabA bullish deep crab pattern setup and went into consolidation after the HOP level.
Would you see this as a fail deep crab?
The deep crab pattern is still valid, watch closely.
The HSI arrow shows a potential entry for a check back, no doubt the candle has a lower price, but it didn't break and close below the candle that has HSI candle.