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HSI1!

Heng Seng seeks rally from 61.8% fib level (7th time this year)This is purely observational, but today I noticed that Hang Seng futures have risen from a 61.8% Fibonacci level six times this year. And as the rallies have landed anywhere between 6.5% to nearly 50%, it is worth noting that it is trying to rally from it a seventh. A 3-day bullish reversal pattern formed on Monday (morning star formation) and the daily RSI (2) was oversold on Friday. Bulls could seek dis back towards the 61.8% in anticipation of a leg higher to 20k or 20.5k over the near term. MS
HKEX:HSI1!Long
by CityIndex
HANG SENG Patience until December for a long term buy.Hang Seng (HSI1!) made a massive bullish break-out in September as it broke above the February 2021 Lower Highs trend-line, effectively ending its Bear Cycle. This month (October) saw it getting rejected not just on the 1M MA200 (orange trend-line) but also on its 0.618 Fibonacci retracement level. This is a key rejection as in almost 30 years, every time the price got rejected on the 0.618 Fib, it recovered on the 3rd (1M) candle after. As a result, December will give a buy signal based on this historic price action, so have patience and take a multi-month buy then. In most of those cases, the index rebounded to the previous High, so our Target will be 30975. Notice also that the 1M MACD is rising off a Bullish Cross. When formed below the 0.0 mark, this has also been a massive buy signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!
by TradingShot
HSI significant pull back! FX:HKG33 Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor. marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia time zone. The significant pull-back continues when market re-open here. It's 10% pull back this morning. Well, this is a good chance to look at for a better re-entry level. However, we should be cautious to avoid catching falling knives 🗡 what we see from the 1H chart MACD & KDJ both are on the downtrend level/bearish red zone. However, we can look at the support level at 21580. If the index stays above this level then the uptrend is still intact. Otherwise, we could expect a more significant pull-back (cross-check with longer tf chart 4H,8H). For shorter 1H tf swing trade check the 8H Chart for support/resistance level Find support level at 21500-21700 and resistance level 22000 -22300 It has been climbing too fast and taking a break now. Personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable. Happy trading everyone! A pull-back is healthy for taking a breather.
H
by ChenQianYu
HANG SENG Strong sell opportunity on recurring fractal.Hang Seng (HSI1!) closed below the 1D MA200 (orange trend-line) yesterday for the first time in a month and confirmed the rejection of August 30. That was a Lower High within the established Channel Down pattern that started on the May 20 High. This Channel Down is so far following a similar structure with the one that covered the entirety of 2023. The August 30 rejection was in fact also done on the 0.5 Fibonacci retracement level after a -17.30% decline. If this sequence of events continue to follow the April 17 2023 rejection, we should be expecting the new Lower Low to be formed on the -0.236 Fibonacci extension. Our Target is exactly on that level at 15700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!Short
by TradingShot
2
HANG SENG Sell Signal on the 1D MA200.Hang Seng (HSI1!) has been trading within a Channel Down pattern and since the start of this week, it's sideways around the 1D MA200 (orange trend-line). As long as the 1D MA50 (blue trend-line) remains intact, we continue to be bearish within this pattern, targeting 16000 next (Support 1), expecting this to be the start of the new Bearish Leg. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!Short
by TradingShot
HANG SENG Strong buy opportunity on the 1D MA50.Hang Seng (HSI1!) has been consolidating on the 1D MA50 (blue trend-line) for 4 straight days. Technically it is an attempt to form a bottom, which includes also the 0.5 Fibonacci retracement level, measured from the April 19 Higher Low. The last time a trend both the 1D MA50 and 0.5 Fib was on December 28 2023 and 2 days later. As you can see that was a downtrend of 2 phases and after the 0.5 Fib/ 1D MA50 test, the price got rejected, starting the 2nd phase that extended up until the 1.5 Fibonacci extension, where the market bottomed. As a result, it is highly likely to see a symmetrical mirror pattern. This time the 1.5 Fib ext is at 21600 and that is our medium-term Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!Long
by TradingShot
HANG SENG This pull-back is the final buy opportunity.Hang Seng (HSI1!) has started a technical pull-back after getting rejected at the top (Higher Highs trend-line) of the Bullish Megaphone. The minimum correction within this 4-month pattern has been -5.29%, so we are looking to buy after such a dip, potential 1D MA50 (blue trend-line) test and target the 2.0 Fibonacci extension (19700). This is the standard target on Inverse Head and Shoulders patterns. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!
by TradingShot
HANG SENG Bearish for the next 2 months.Hang Seng (HSI1!) is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The dominant pattern is a Channel Down and as long as the 1D MA200 holds as a Resistance, we will continue selling every Lower High. The structure of the pattern is similar to the 2021/22 Channel Down. Once the 1D MA50 breaks again, we will have a confirmed sell signal, targeting the bottom of the Channel Down at 14500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!Short
by TradingShot
HANG SENG Buy opportunity.Hang Seng (HSI1!) has been trading within a Channel Down throughout the whole year. As the rice hit its bottom (Lower Lows trend-line) on December 11 and the 1D MACD formed a Bullish Cross, we expect the new Bullish Leg towards the 1D MA200 (orange trend trend-line) and the to (Lower Highs trend-line) of the Channel Down. The average rise within this pattern has been around 11% and based on that, we are targeting 17700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!Long
by TradingShot
A few trends in China's economyToday, we would like to briefly discuss a few underlying trends in China's economy, touching on the subject of unemployment, demographics, and deflation. Youth unemployment While the unemployment situation has improved in 2023, youth unemployment (for those aged between 16 and 24) has been a longtime issue in China. Indeed, it has steadily risen since 2018 (back then, it stood at around 10%), with government programs promoting a higher level of education contributing to the problem. As a matter of fact, this year, in June, the youth unemployment rate hit a staggering 21.3%, prompting the Chinese government to stop reporting the number. Illustration 1.01 Illustration 1.01 shows the daily chart of China’s unemployment rate. Demographics and fertility Another big issue in China is the country’s aging population and declining fertility among women. The median age has risen from 28.9 years in 2000 to 34.1 years in 2010 and 37.4 years in 2020. On the other hand, the average number of births per woman stood at 1.6 in 2000; in 2012, 2014, 2016, and 2017, the average rose to 1.8. But since 2018, the rate has been rapidly collapsing. In 2021, the number stood at 1.2, representing approximately 33% decline since 2018. China’s deflation As much of the Western world grapples with inflation, China has the opposite problem. For November 2023, the country recorded -0.5% deflation compared to the previous year. With that said, there were three periods when China experienced deflation (annually) since the 1990s. The first period occurred between 1998 and 1999, when the annual inflation rate was -0.8% and -1.4%. The second instance took place in 2002, and the third in 2007. For the eleven months of 2023, the inflation rate averages about 0.3%, the lowest figure since 2009. Housing prices Amid the ongoing property crisis in China, house prices have been sliding down this year. Actually, there were only two prints when the year-over-year change was not negative, particularly in June 2023 (coming in at 0.1%) and July 2023 (coming in at 0%). Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
TVC:HSI
by Tradersweekly
2
Hang Seng: Thumbed 👍Exemplarily, Hang Seng has thumbed our target zone and turned upwards from there. Thus, we classify wave 2 in turquoise as complete. Now, wave 3 in turquoise should carry Hang Seng above the resistance at 21 056 points. The counter movement of wave 4 in turquoise should then push the index back toward this mark before the ascent can be resumed once again. However, there is a 39% chance that Hang Seng could interrupt the current upwards movement, shifting southwards to develop the new low of wave alt.2 in turquoise, which should then be established before the support at 17 948 points.
HKEX:HSI1!
by MarketIntel
Hang Seng: Wait for It… ☝️Hang Seng is still busy in the magenta-colored zone between 20 867 and 18 707 points. On the one hand, the index has slowed the descent and could very well have completed wave (4) in magenta by now, readying itself to take off. After all, the requirements for the current movement’s conclusion have already been met by touching at the magenta-colored zone. On the other hand, Hang Seng still has got some room to expand wave (4) a bit deeper and could indeed make use of the whole magenta-colored zone. As soon as this low is established, though, the index should turn upwards and climb above the resistance at 22 798 points. However, there is a 36% chance that Hang Seng could develop wave alt.A and alt.B in turquoise first, the latter leading it out of the magenta-colored zone. In that case, wave alt.C should push the index back down into this area, where it should finish wave alt.(4) in magenta as well before moving northwards again.
HKEX:HSI1!
by MarketIntel
1
21/9/2022 PLAYBOOKAbove 676, target 762/824 Below 570, target 517/487/404 #marketprofile #volumeprofile #orderflow #chartanalysis #chartporn $HSI ***** I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head straight and hold myself accountable for the next day. It is very possible that I am flat wrong in all of my scenarios.
HKEX:HSI1!
by sherlou_0505