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Hang Seng.....Wave iv done!Hello Traders, Hang Seng has made a new high @31084.95 on a closing basis (intraday at 31183.36) and pulled back to 30099.71. It closed the open gap left by trading on February 16. This low could be wave iv of v of (v) of (iii)! If so, HS will make a new high on both, intraday and closing basis, in the coming days ahead. The alternate view suggest a more complex structure for the coming week or two. If HS is on a rally path, a common target for HS could be around the 32069.08 area, where waves (iii) of (v) of Y is a 1.382 Fib.-Extension of wave W-X! It needs a decline below the area of 28259 to change the bullish view short term. Note: the blue arrow means the more expected scenario, while the gray means less expected scenario! Have a great weekend..... Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
1
Hang Seng.....Sideline!Hello Traders, Hang Seng has reached to 30191.16 on January 25! This high could be a wave (iii) blue of ((iii)) black! If so, a corrective move within a wave (iv) is under construction. As you know waves 4 of any degree can morph into a complex structure, as a double, triple or triangle for example! While the structure of this pattern now is not clear to my view, I step at sideline, as long as a clear pattern develops. Trading above the 30191.16 level can act as a Stop buy signal, while declining below the possible wave (iv) blue level @ 28259.73 can be part of a wave c underway. I will update the chart in the coming hours! Have a great week..... Ruebennase Trading this analysis is at your own risk! Feel free to ask anytime!
TVC:HSI
by ruebennase
Hang Seng Index daily long setup(asset allocation)Actually, 30000 is a key level where buyers need to take a rest. From the daily perspective, a 5% drop is expected shortly after. However, the five o clock drop style is believed to be unsustainable. There are two possible scenarios as below to play with: 1. Drastic fall occur early next week. Price hit the daily zone and bounced back from there 2. Sideways for a while before MAs coming up. No matter what, HSI is really attractive(valuation) compared to mainland China. A lot of fund coming to HK market via the 'Stock Connect' scheme. Our team also recommends clients to allocate on such funds.
TVC:HSILong
by JICPT
HSI - Potential Bearish Engulfing on Weekly CloseIt is very crucial for the last trading day of January 2021. If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices. 1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened. 2. Being resisted twice by 2019 year high at 30,280. So, is the trend repeating? Is the market already top for the year of "BULL" (2021)? I hope not. However, the past performance is not always*(sometimes it does)* indicative of future results. Be cautious. Stay safe and Gong Hei Fat Choi! <3
TVC:HSI
by Inandouthunter
Hong Kong Stock Index (Meeting Some Strong Resistant)View On Hong Kong Stock Index (26 Jan 2020) I expect 29,800 ~ 30,200 will be a strong resistant for now. So, we can expect some pullback or sort. No hurry to buy in for now. 29,000 will be a good support. Cheers. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKDShort
by SonicDeejay
Hang Seng.....Resistance ahead!Hello Traders, Hang Seng has „explode“ to 29927.77 this morning. It has achieved my initial target zone well above, and it could be, that per my count, the move should come to an end or has ended today! Ahead for HS is the resistance level at 30280.12, the high from April15, 2019! The most probable scenario should be that HS is bouncing around this level for some days, or it will gap above this zone of resistance tomorrow or at latest early next week. Note, that HS is advancing since December 23, and it is well overbought. So, a quick but sharp correction is just around the corner! But when will it start? A close of the open gap. Left by trading on January 19 could be a first hind for this scenario. All correction above th 27555 level are on lower degree. A dip to 27000 area would have ended the advance for HS. Stay tuned for the next update. Have a great weekend.... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
1