HSI1! 2021 June 14 Week (Intraday)
HSI1!
HSI1! 2021 June 14 Week (Intraday)
Weekly, Daily = Bullish | H4 = TBC
Past 7 days in rotation. rotation range zones trade levels remains.
Bar 2 and 3 are weak.
Red/Green zone = preferred entry
Hsi1
HSI1! 2020 May 31 Week (Intraday)
HSI1!
HSI1! 2020 May 31 Week (Intraday)
Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation
Bar 1 = weakness, no result from effort
Bar 2 = Upthrust = weakness
Bar 3 = reversal = weakness
Red/Green zone = preferred entry
Immediate support = 28942
If price continues to peel away from the supply (upper line of the channel,
means upward momentum may be weakening / pausing.
HSI1! 17 May 2021 Week (Intraday)
HSI1! 17 May 2021 Week (Intraday)
Weekly = TBC | Daily = Bearish, H4 and below = Bullish
Green zone target was reached last week, and market broke down and reach for the lower green zone.
Market is still making lower highs and in a downtrend, so prefer to short on test of the below levels
Scenario
1) Market may attempt to close gap
2) Short levels 28753 / 28565 / 28231
Have a good trading week ahead.
HSI1! 10 May 2021 Week (Intraday)
HSI1!
HSI1! 10 May 2021 Week (Intraday)
Weekly | Daily = TBC, H4 and below = Bullish
03 May Week - Rejection scenario played out and green zone price target was reached.
After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well.
Notice how the demand line of a previous channel (grey) acted as a resistance with the highs tracing that line.
Will market attempt to return to previous channel?
Scenario:
If 28663 is accepted, price may attempt 29820.
Else we may again see green zone as price target.
Have a good trading week ahead.
HSI1! 03 May 2021 Week (Intraday)
HSI1!
HSI1! 03 May 2021 Week
Weekly = Bullish, Daily = Pending, H4 and below = Bearish
Market was within the 29252 - 28440 range
Market currently is oversold as it went below the channel at the moment.
Market may attempt to return to the channel
Scenario:
Acceptance into channel price may try 29200
Rejection: the green zones may be the price target.
Have a good trading week ahead.
HSI1! 2021 Apr 26 Week (Intraday)
HSI1! 2021 Apr 26 Week (Intraday)
It looks like price will try to reach for 29318 and
possibly attempt the resistance level.
Immediate support = 28426 - 28484
Immediate resistance = 29243
Entry preference remains at SR zones.
Remember to like and follow if you find this useful.
Have a good trading week ahead.
HSI1! 2021 Apr 19 Week (Intraday)
HSI1! 2021 Apr 19 Week (Intraday)
Noticed that price weren't able to make its way past the midpoint of the channel.
Is the market weakening?
The support and resistance zone remains. No change to trade levels.
1) Use the range of previous ultra high volume bar as a guide for a immediate support/resistance.
Clue:
Ultra high volume, wide spread down bar is a sign of strength, WAIT for long opportunity in lower TF.
Ultra high volume, wide spread up bar is a sign of weakness, WAIT for long opportunity in LTF.
HSI1! 2021 Apr 12 Week (Intraday)
HSI1! 2021 Apr 12 Week (Intraday)
Bar 2 came down to test supply of Bar 1, and closed off its low.
Price may come back down to test for supply again before moving up.
Will wait for a reversal pattern, preferably at the supply line of the
channel, to long.
Or green/red zones cab be entry zones as well.
HSI1! 2021 Apr 05 Week (intraday)
HKEX:HSI1!
HSI1! 2021 Apr 05 Week (intraday)
Daily = bearish | H4 = bullish / H1 = bullish
Last week's short on test of high was only good for 29 Mar as
resistance turned support, after which we had to recognize and
adopt a long strategy.
Demand has weakened, foreseeing the holiday.
Strategy remains that green/red zones remain the preferred entry levels
Like and follow if you find this useful.
Have a profitable trading week.
HSI1! 2021 Mar 29 Week
HSI1! 2021 Mar 29 Week
Daily / H4 = bearish
H1 = bullish
Price came down to support last week
Cognizant of the downtrend, prefer to short on test of high.
Like and follow if you find this useful.
Have a profitable trading week.
HSI1! 2021 Mar 22 Week
HKEX:HSI1!
HSI1! 2021 Mar 22 Week
Red/Green zone = preferred entry
H4 = price rotation
Daily / Weekly = bearish
Levels unchanged. Ultra high buy volume came 1, but are these to distribute?
Bar 2 sell doesn't yield result compared to previous down bars.
So either we continue to see price rotation or there may be long opportunity.
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 15 Week
HSI1! 2021 Mar 15 Week
Red/Green zone = preferred entry
W = Bullish / D = bearish
Last week' range bound within Bar1 1's low and Bar2's high provided some nice rotation play.
Bar 3's upthrust was perfect for short.
Not much has changed in the levels. Likely still rotation play or just maybe, we will see a
breakout to the down side?
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 08 Week
HSI1! 2021 Mar 08 Week
Red/Green zone = preferred entry
Grey zone = price rotation, entry opportunities on breakout of zone
M / W/ D = bearish
Demand was present at bar 1, however no evidence of change in trend since
market is still making lower highs.
Will prefer to keep on the short side.
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 01 Week
HSI1! 2021 Mar 01 Week
Red/Green zone = preferred entry
What a mighty down move from 22 Feb's alert on selling.
On daily chart we see some buying, however note the low volume on buy, so let's watch
on 01 Mar to see if more buy volume will come in to support.
Otherwise we can see 28078-28168 as test of previous support
Previous peak demand zone was at 26414.
Have a profitable trading week ahead. HKEX:HSI1!
HSI1! 2021 Feb 22 Week
HSI1! 2021 Feb 22 Week
Red/Green zone = preferred entry
Selling has come in at A.
Would prefer to short if the highs are tested on lower volume,
Target can 30% / 50% / bottom of channel.
Have a good trading week ahead!
Start of another mark up or Fake out?After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI .
We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of re-accumulation range at 29500 and is poised to break above the swing top at 30336, possibly Tomorrow.
If it is the start of another mark up then next stop might be around 31500-32000.
I was wrong about a fake out the last time it break out of the range at 26500 and i can be wrong again but i have a strong feeling that a big selloff to at least 27500, possibly 25500 is coming before a multi month rally to new ATH .
I will be looking for sell signals at 30350-550.
HSI1! 2021 FEB 15 Week
HKEX:HSI1!
HSI1! 2021 FEB 15 Week
Weekly, Daily, Current TF = Shortening of thrust
Last bar price advanced on weaker volume.
If story were to repeat itself, per price action at resistance
1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate resistance comes into play and market comes down.
If long, possible scenarios
1) long on dip, volume declines as price comes down,
volume on advancing bars should be strong
2) immediate push up on reasonably strong volume with high of bar A
acting as the immediate support.
3) if push up is on ultra high volume, wait for test and enter.
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
GONG HEI FATT CHOI!
HSI1! 2021 Feb 08 Week
HKEX:HSI1!
HSI1! 2021 FEB 08 WEEK
29273 if supported will indicate higher prices.
Friday showed that there's supply present still as
indicated by bar A closing off its high and subsequent
bars closing very near to each other.
Let's see if price can break out or more time is needed
for the buildup
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
HSI1! 2021 Feb 01 Week
HKEX:HSI1!
HSI1! 2021 Feb 01 Week (Intraday)
"58" in cantonese means "no prosperity".
Coincidentally market went down from there lol
Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold?
Intermediate price levels = 27806 & 27548
Support 27108 - 17176
Remember to Like and Follow if you find this useful!
Have a safe and profitable trading week ahead
HSI1! 2021 Jan Week
HKEX:HSI1!
HSI1! 2021 Jan 25 Week
Red Greed zones = preferred entry levels
Grey box = price rotation
If we look at the daily/weekly chart, the high is nearing 30336, previous resistance.
Immediate price watch 29488, 29672
Resistant3 = 30336 (Previous high, supply area)
Resistant2 = 30098 - 30143
Resistant1 = 29857 - 29905
Support1 = 29323 - 29362
Support2 = 28970 - 29000
Trade Management
Profit target can be 30% / 50% / till next zone
Remember to Like and Follow if you find this useful.
Have a safe and successful trading week ahead.
Buying ClimaxBuying Climax underway in HSI.
Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
HSI1! 2021 Jan 18 Week
HKEX:HSI1!
HSI1! 2021 Jan 18 Week
Red Greed zones = preferred entry levels
Grey box = price rotation
Price rejection observed at 28675 - 28620
Price rotation observed (grey box)
For a long trade the bottom of Bar A should not be broken.
Intermediate support = 28313 - 28371
Resistant2 = 28970 - 29000
Resistant1 = 28620 - 28675
Support1 = 28168 - 28198
Support2 = 27757 - 27806
Support3 = 27402 - 27461
Trade Management
Profit target can be 30% / 50% / till next zone
Remember to Like and Follow if you find this helpful :)
HKEX:HSI1!
