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Hang Seng HSI

HSI Daily Double Bottom 0.618 Long Opportunity It is interesting that we see there is a similar pattern shown in HSI: Double Bottom with 0.618. Last time, the price reached 0.618 level and the price was supported to reverse. Now the double bottom formed and the price near the 0.618 level, it is an opportunity to BUY. Sometimes, you might see similar patterns in the charts and its repeated again. The importance is what you will do if the pattern appears again! Be Patient and Relax! ---------------------------- Enjoy the trading itself, and you will be much better at it! Thank you. This is TraderPig.
TVC:HSILong
by TraderPig
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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope
Hong Kong Stock Index (The Bulls are back!)View On Hong Kong Stock Index (4 Sept 2019) HK stocks are in the rebound after the announcement from HK government. The momentum of the index has shifted into a bullish one right now. It shall rise higher to 26930 or even further up soon. The ultimate resistant zone will be 28,555. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". 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 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.
OANDA:HK33HKD
by SonicDeejay