HSI approaching support, potential for a bounce!HSI is expected to drop to 1st support at 26692.3 where it could potentially react off and up to 1st resistance at 30293.5.
resistance at 28.80
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hang Seng HSI
HSI approaching support, potential for a bounce!HSI is approaching its 1st support at 26692.3 where it could potentially bounce to its resistance at 1st resistance at 30293.5.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI approaching support, potential for a bounce!HSI is approaching its 1st support at 26692.3 where it could potentially bounce to its resistance at 1st resistance at 30293.5.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI Approaching Support, Prepare For A Bounce
HSI is bouncing off its 1st support(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at (61.8% Fibonacci retracement , horizontal swing high resistance).
ichimoku cloud is also showing support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A BounceHSI is bouncing off its 1st support(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at (61.8% Fibonacci retracement , horizontal swing high resistance).
ichimoku cloud is also showing support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A BounceHSI is bouncing off its 1st support(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at (61.8% Fibonacci retracement , horizontal swing high resistance).
ichimoku cloud is also showing support where a corresponding bounce could occur.
LONG HSI Approaching Support, Prepare For A Bounce
HSI is approaching its 1st support(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at (61.8% Fibonacci retracement , horizontal swing high resistance).
ichimoku cloud is also showing support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A Bounce
HSI is approaching its 1st support(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at (61.8% Fibonacci retracement , horizontal swing high resistance).
ichimoku cloud is also showing support where a corresponding bounce could occur.
LONG HSI is approaching its support at 27240.6
HSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI is approaching its support at 27240.6 (100% Fibonacci extensHSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A Bounce
HSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI Approaching Support, Prepare For A Bounce
Buy above. Stop loss at. Take profit at.
Reason for the trading strategy (technically):
HSI is approaching its support at 27240.6 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Hang Seng bearishEnded last week with a daily that bearishly engulfed the prior 3 days and it's rally back towards its all time high stopped right around the .618. I'd have to call that a dead cat. Also a hanging man at the top where the rally ended along with an island. Currently losing this fib level as we speak. looks bad.