Rising Wedge Pattern for HSIF. Possible Downside at 25360SHORT at around 26490, placing stop loss at 26630.
Looking to take profit at 25360.
Risk / Reward Ratio is 1:8
HSI1! trade ideas
Bounce Zone 4/4 : $HS1! Part 4 of the Bounce Zone series. $HSI! is trading at the bottom of a medium term wedge with SSR support. $HSI1! has been a relative out performer this past week. The HK government just passed a huge stimulus budget and Xi has it under control in China.
Hang Seng testing supportI fell like all of the bulls are celebrating a bit early because the market finished at the top for the day, futures are determined by global trading and I haven;t seen anything from the Asians or Euros that indicate that they are done selling.
Hang Seng testing support and DAX broke through....
This is why I'm suspecting a double bottom with a lower bottom like Feb 2018. Also the reason why I'm mostly cash over the weekend.
Hang Seng futures - short term advance probably comes to an endFirst time ever to publish chart analysis with explanation to support my projection. Hello everyone, I am the believer of Elliot Wave Theory. The charts show both the Day chart and 4-Hour chart.
1. From the Day chart, since Jan 2018, HSI has been going ups and downs by ABC waves. It is still difficult to categorize whether the index is in bear market, but it definitely rebuke the claims that the index has returned to bull market. And the fact that, China is now under the severe impact of wuhan coronavirus.
2. From the 4H chart, we see a clear 5-wave impulsive wave starting from 14 Jan 2020 to 1 Feb 2020. The ratios of (1), (3) and (5) are justified. Since Feb 2020, we see a strong technical rebound (correction wave). Since the preceding wave (14 Jan - 1 Feb 2020) is a 5-wave movement, the technical rebound should not exceed 0.618 of the preceding wave. It's very likely that the market will start off another descending impulsive wave. Wait and see.
Disclaimer: Elliot Wave Theory somehow helps justify the historical movements and assists you to decide when to long or short a market in a longer run of time. It can to a certain extent provide you the possible movements ahead but it's just for reference. You still need to make reference with other indicators and ratios. Happy trade.
$HSI Hang Seng Futures Short Part 2.Soooo another H&S has appeared within a larger Head and shoulders to make for an interesting 2nd short entry. It looks to be at just about where the right shoulder should form, short here with a stop loss obviously.
Hang Seng Index Future Bull Signal
HKEX:HSI1! reverse this monday, whenever it filled the bull gap, should head further up.
investor should go in either A50 future, A50 etf HKEX:2823, HK index ETF HKEX:2800 , 2x ETF HKEX:7200...etc
I think we should see 30000 within 6 months, and 33000 within year 2020. This place is great for initial invest with stop loss of monday LOW:25880 (which is few hundred points only!)
$HSI Hang Seng Weekly chart head and shouldersThe $HSI Hang Seng weekly chart is showing a pretty clear h&s likely pushing it to the yellow bottom trendline
HSI UpdateAs you can see, the Hanger hit my red arrow target last night, and I'm expecting a small bounce from this oversold condition. If it bounces then so will futures, which means a gap up tomorrow.
Not feeling terribly bearish right now, and this bounce isn't gonna be enough to make me bullish either.
HANG SENG TankChina keeps selling off due to Mexican Beer sickness aka coronavirus, taking the world indices with it. Appears we'r headed to support.
When China bounces, so does everything else, so keep an eye on this,
HS1 WHipsawThe Chinese government kills a couple thousand people every year, but apparent a couple dozen deaths from a cold is a big deal over there.
The market needed a reason to sell off, so now we have news attached to a selloff from an overbought condition.
Expecting a whipsaw next week, but maybe it just goes straight down, who knows?
Hang Seng Index - Bullish and Uptrend but looks heavy.Daily chart :-
+HSI is way above all key EMA20, EMA50 and EMA200 - BULLISH.
+Higher High and Higher Low intact - Uptrend
+EMA50 is about to cross above EMA200 - Uptrend.
! BUT Higher Low spotted on momentum indicator - BEARISH DIVERGENCE)
! Dark Cloud Cover formation formed at Channel Resistance.
! HSI move up with weaker volume.
Bull is getting weak and may take a break.
opportunity to swing short if price breaks and stay below 28200
Next support 27800.
HSI reversed from resistance, potential drop!
HSI reversed off its resistance at 29222 where it could potentially drop further to 27949.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hang Seng WeaknessI kinda blew the call Friday afternoon because I wasn't paying attention to China, and they pumped the crap out of futures Sunday. Pumped ES1 so much that when the Euros sold it, MDI went oversold but the index future was still up 9 pts at open.
Lesson learned.
Anyways, I bought MCHI calls today, and when I noticed this was overbought, I flipped them in the afternoon. Glad I did.
HS: Stay Neutral and Wait for Better Entry pointsHang Seng is probably going to go down for a wave 2 of 3. However, I don't see any good entry points for an outright trade. Thus, selling of a small number of call options (relative to your account size) is probably a better idea if you have to take a trade.
The recommendation is to stay neutral and wait for better entry point though.
HSI approaching resistance, look out for potential reversal!
HSI is approaching its resistance at 29080 where it is could reverse down to its support at 27949.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI reversed from resistance, potential drop!
HSI reversed off its resistance at 28063 where it could potentially drop further to 26290.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI reversed from resistance, potential drop!
HSI reversed off its resistance at 28090 where it could potentially drop further to 26290.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI Have Best Advance in Over a Month on Trade OptimismHK stock markets rallied on Friday after Trump said China and the US reached the first phase of a substantial trade deal that delays tariff hikes that were set to kick in next week. We saw strong support for HSI futures near 25600 level as market was optimistic on a partial US-China trade deal and the new QE of the Fed. When price broke major resistance at 26200, momentum gained and short covering orders pushed the price back to 26600 level.
