the big picturemaybe the big trend looks sth like that
just guessing
Anyway I never trade based on Elliott wave only
This is just for fun :)
Hang Seng HSI
crazy-ass movementwow.didnt see that coming
a crazy sell-off followed by a crazy rebound.
now the bulls in full control.
scepticalthe index saw resistance and fell back yet still i dont buy the idea that it would go straight down from here
my bet is hsi would go above the 28650 level again before dat wave c happens:)
Entering resistance zoneRebound target met. yet I doubt if the index would reverse here.
just wait and see
....market rebounded to 285xx and reversed as predicted.
but still i couldnt say this is the start of a much bigger mid term correction
this month s candle very likely to be bearish but its not 100% and todays high shouldnt be breached again for the downtrend to continue
won some fast money these few days :) gonna stay on the sidelines for a while
HSI for Oct. 23 to Dec. 2017HSI for Oct. 23 to Dec. 2017
Range towards upside but strong pullback in coming months - the last stage of the Bull, before down trend begins.
HSI short tems double top D1HSI could build a double top at D1 wave.
In connection to high world stocks DOW, US30, Ger30
Crazy!!the index plummeted crazily right after i 'd called the top :)
it should rebound from here back to 285xx before going down again.
Remeber i said this months candle is very likely going to be a bearish one ? ( becuz of the 8 consecutive bullish monthly candle theory)
we opened at 27885 this month. we should go below 27885 before the last trading day of October
That's it ?Got our push to the 288xx area this morning and market reversed again
Should be the start of correction to the 281xx-282xx area.
Close to a short-term topthe index found support at the range bottom again with the hourly bar closing above it.
We may get another push to the 288xx area before going down again towards the end of the month
close to a short term topindex found support at 286xx the range bottom with the hourly bar still closing above it.
we may get another push to the 288xx area before a quick drop towards the end of this month
correction pendingsaw resistance at 288xx. should be heading to 282xx-281xx first.
some interesting finding : after 8 straight bullish candles on monthly. the 9th would be bearish(which was true as we saw last month).
the 10th candle would also be bearish 70% of the time). This month the index opened at 27885,
lets see if there 'd be some fast sell off towards the end of October.
Struck in the Middleafter the rebound to 285xx, index quickly dropped back all the way to 283xx and further to the 282xx support during the night sessions
yet it found support at the bottom of the range again and managed to go back to 284xx this morning.
Now it would only be safe to short again if the hourly closes below 28330 or 28362 for futures.
it could go all the way to 288xx if this level holds. but i don't recommend longing the index
Confluencethe top of a channel, a pitchfork warning line, a fib level and the top in 2015..
the index s showing resistance
some little rebound to 284xx-285xx should happen first though
HSI: Bearish AB=CD Pattern and Strong ResistanceThe market soared quickly in the past year, and will it go further?Maybe not.
Bearish AB=CD is completing at about 27830 level and the 2.236REXT of B-C is at 28046 level.
Meanwhile the 1.618EXT of A-B is at 28349 level.
What's more, the 27780-28622 zone is previous structure and the historical high point.
So strong resistance will be faced in this zone,it is good to sell at 27780-28622 levels when price enters again and gives signals.
SL: above 28600
TP1: 25650
TP2: 24270
TP3: 22000 and further more
Near resistance againRebound target met. very bullish day.the index gapped up through two median lines and is now approaching the top yellow schiff pitchfork warning line AGAIN.
Over the past two month, it s been proven to be a huge resistance level. lets see how price reacts when we get there.
rebounding soonlooks like some rebound back to 28000 or above is imminent.
overall we are still in a complex wave 4 on the daily.
what a reboundthe index did rebound as predicted but boy did it go up with great momentum
if it managed to go above the high at 28128, it would negate my hourly count
a complex wave iv s fxxked up like that :)
that being said, since we just saw 8 straight bullish candles close on the monthly chart, even after it goes past 28128 to the 283xx-285xx area , it s still very likely the index would go back down to close as a bearish candle by the end of September.
(Beware)8 bullish monthly candles in a row Another bullish candle just closed on monthly( 8 in a row!!). History shows that some sort of correction is bound to happen.
Especially with that possible irregular B on daily :)
