Bullish Bat Pattern formingBullish bat pattern forming. Retracement is exactly arround 0.5. Now waiting to go long based on the breakout at higher high after forming LH.
HSI trade ideas
Hong Kong has turned positive.HS50 - 24h expiry - We look to Buy at 18333 (stop at 18153)
Short term bias has turned positive.
Previous resistance at 18360 now becomes support.
We look to buy dips.
20 4hour EMA is at 18275.
We are trading at oversold extremes.
Our profit targets will be 18783 and 18883
Resistance: 18706 / 18800 / 19000
Support: 18520 / 18350 / 18150
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
HSI filling the 18500 gapReferring to the China mainland market's reaction to the new stock brokerage fee, according to the previous updated market reaction, the stock index goes up by 9% which affects the HSI to go up at the same time.
HKEX bias is still for lower levels.HS50 - 24h expiry - We look to Sell at 18100 (stop at 18300)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 18100 level.
Our profit targets will be 17600 and 17510
Resistance: 18015 / 18520 / 18915
Support: 17375 / 17040 / 16560
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Good news for the China BullsAhh, so the Chinese government is really in hot soup now ! They announced moving forward, they will not be publishing the youth unemployment data anymore. Read here
Remember 2 years ago, when the people of China got so stressed and went to the streets to protest and call President Xi to step down ? Read here
Could we see history repeats itself if the youth continues not able to find jobs in the market ? Parents are stressed so are the educators. Imagine spending time , money and all the stress studying and after graduation, the available jobs in the market are either mismatched or totally way below the salary they are asking for. They have become "full-time children" or cleaners
Mind you, there will be another 11 million graduates entering the job market this year, exacerbating the already crippled job market ! President Xi message to the young people is to endure hardships, a bitter pill to swallow considering they are born in a very different era from their parents/grand-parents.
Could the government have gone overboard in the cleaning up of the tech sectors, education sector, property market, etc in the pursuit of common prosperity ?
I suspect something big is brewing and the government cannot afford two things - riots in the streets and social unrest. The covid-19 experience has shown them when enough is enough and the abrupt turn of policy changes by the government on reopening the economy could be what we are all awaiting for. Yes, a massive trillion dollars stimulus package to boost the economy.
The pressures are mounting - locals and international. The government is on a time bomb and the more they procrastinate, the worse the problems will become. Missing the 5% GDP mark is not as BIG a matter as the potential unrest that is brewing beneath.
From the weekly chart, we can see both the HSI and GXC (use as proxy of China market) are in a channel pattern. If Oct 2022 is not the bottom, then we could see the stock prices revisiting this level again to form a double bottom before we see an upside. This of course will wipe out more investors who are already bleeding from the stock market and have lost faith !
That , I think will likely be the worst scenario for the Chinese market. Thus, from a risk/reward perspective, entering the market now or coming weeks may prove to be a good long term strategy.
How long will it takes ? Nobody knows , it could be months or years before we see a recovery. One thing for sure, the government cannot sit still and do nothing when the recent measures they introduced are not lifting the consumers confidence and the deflationary atmosphere looms at large, delaying their buying interest. These hardcore squirrel savers will definitely save even more than before after experiencing the Covid-19 saga and wants to prepare for rainy days. Buying a house (unless it is for staying) or upgrading to a new EV automobile are not a necessity at this juncture.
Only time will tells..........we are living in the best of times.........we are living in the worst of times..........
HK33 continues to trend lower.HS50 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The current move higher is expected to continue.
Previous resistance located at 18532.
Preferred trade is to sell into rallies.
We look to Sell at 18545 (stop at 18670)
Our profit targets will be 18190 and 17375
Resistance: 18520 / 18915 / 19190
Support: 18015 / 17375 / 17040
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HSI Index: Minimum of the Year, But Not Everything Is So BadToday, the price of the Hang Seng index fell below the level of 18,000 for the first time since November 2022. The media is publishing materials about the slowdown in the Chinese economy (which is confirmed by statistics) and the lack of expected government stimulus.
The FT writes that foreign investors have canceled purchases of Chinese shares worth USD 7.4 billion, which were made following a July 24 pledge by the Chinese Communist Party Politburo to increase support for the economy. And according to data released by the Chinese currency regulator on Wednesday, the volume of bonds of foreign institutional investors fell by USD 5 billion in July.
However, not everything is so bad.
Bullish arguments:
→ The price of the Hang Seng index rose rapidly after breaking through the psychological level at 18,000.
→ Also, at the close of today's candlestick, a false bearish breakdown of the previous low of the year, recorded on the last day of May, may form. Pay attention to the false bullish breakdown at the end of January — perhaps a mirror image situation is happening.
→ The price is near the lower line of the ascending channel, shown in blue (which is not quite obvious yet).
→ The price is near the lower line of the descending channel shown in red.
→ The price is near the level of 50% of the increase in A→B.
If the price of the Hang Seng index rises from a block of listed supports, this will be another example of how market lows are accompanied by negative media.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
HK50 continues in a selloff.HS50 - 24h expiry - We look to Sell at 18585 (stop at 18785)
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 18085 and 18005
Resistance: 18520 / 18915 / 19190
Support: 17375 / 17040 / 16560
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
HSI, looking for support?Will this blue uptrend line able to support the price?
Price currently stay at the center X of parallel channel and trend line.
If broken, next two supports will be the pinky area (182 n 180 respectively).
Let see how the market maker next step.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
HKEX to find sellers at previous support?HS50 - 24h expiry
Previous support level of 18860 broken.
Short term bias has turned negative.
We are trading at oversold extremes.
A higher correction is expected.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 19025 (stop at 19185)
Our profit targets will be 18570 and 18015
Resistance: 19140 / 19840 / 20400
Support: 18015 / 17710 / 16325
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling HKEX into a rally.HS50 - 24h expiry - We look to Sell at 19695 (stop at 19875)
Buying pressure from 18979 resulted in prices rejecting the dip.
We are trading at overbought extremes.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Weekly pivot is at 19695.
Our profit targets will be 19245 and 19165
Resistance: 19840 / 20400 / 20965
Support: 19140 / 18015 / 17710
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
HK50 Ready for a Corrective Wave to the Upside?Rules EW:
Elliot Waves Rules:
Wave 2 cannot extend beyond the start of Wave 1.
Wave 3 cannot be the shortest Wave.
Wave 4 cannot retrace into the territory of Wave 1.
All motive and Impulsive waves must have 5 sub-waves.
Even though Wave 5 might not surpass wave 3, wave 3 must always surpass wave 1
HKEX to find sellers at psychological level?HS50 - 24h expiry
Buying pressure from 19347 resulted in prices rejecting the dip.
We are trading at overbought extremes.
Short term bias is mildly bearish.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
We look to Sell at 19985 (stop at 20220)
Our profit targets will be 19435 and 19335
Resistance: 20400 / 20965 / 21770
Support: 19140 / 18015 / 17710
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Hang Seng BLindexSimple scenario on Hang Seng where we have a correction and then a continuation of the previous bullish move. 2 potential pathways, same idea. Marked Potential Stop Loss levels on the 2 scenarios. Waiting for the potential buy signal after a timid drop, unless something else happens and it ruins the show.
Where's next?On July 24th, a meeting of the Chinese Political Bureau was held, and compared to the meeting in April, the overall tone was more positive. The meeting focused on large-scale consumer sectors such as automobiles, electronic products, and home furnishings, as well as service consumption sectors such as sports, leisure, culture, and tourism. There were some adjustments in the wording regarding the real estate sector. The meeting also emphasized the importance of an active capital market, and people are keenly observing the follow-up policy implementation.
With the reinforcement of positive signals for stable economic growth in the country, there is an expectation of improved demand for commodities such as copper, aluminum, steel, PVC, PP, and EB. Given the clarity of the bottoming-out policy, domestic stock indices have benefited significantly. Additionally, considering the relatively favorable valuations of domestic stock indices and the stock-to-bond ratio, it might be worth paying attention to the opportunities in the domestic stock market.
Regarding economic data, after the data for June, the PMI index for July also continued to signal a bottoming-out of the economy on a month-on-month basis. Manufacturing PMI showed a seasonal rebound, and there were signs of inventory bottoming-out. The new order index also showed an increase on a month-on-month basis. Further data validation will be crucial in confirming the bottoming-out trend.
Selling HKEX at slight trend of higher highs.HS50 - 24h expiry - We look to Sell at 19590 (stop at 19790)
Price action has continued to trend strongly higher and has stalled at the previous resistance near 19597.
A Doji style candle has been posted from the high.
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
Our profit targets will be 19090 and 18990
Resistance: 20400 / 20965 / 21770
Support: 19140 / 18015 / 17710
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Hong Kong50 Hang Seng Short Bears Remain in Controlbearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week.
The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment.
There were no economic indicators from the region to change the mood.
Market Overview
It was a bearish morning session for the Asian markets. The ASX 200 led the way down, with the Hang Seng and the Nikkei also struggling.
The Asian equity markets tracked the US equity markets into the red, with fears of central banks sending the global economy into a recession weighing. Hawkish Fed Chair Powell testimony continued to resonate this morning. Last week’s Bank of England 50-basis point interest rate hike was a reminder of central bank commitments to tame inflation.
Despite softer US private sector PMI numbers on Friday, the markets are still betting on a Fed 25-basis point interest rate hike in July. According to the CME FedWatch Tool, the probability of a 25-basis point July Fed rate hike stood at 71.9% versus 74.4% one week ago.
Significantly, the chances of the Fed lifting rates to 5.75% in September stood at 11.5%, up from 8.9% one week earlier.
Bank stocks also had a mixed morning. HSBC Holdings PLC and The Industrial and Commercial Bank of China (HK:1398) saw losses of 0.33% and 0.24%, respectively, while China Construction Bank (HK: 0939) rose by 0.40%.
Strategy Bearish Short
RSI confirming permanent trend continuation
Bulltraps can be used to sell more and stronger
Trendlines shold be used in 2 ways:
bearish breakout of the trendlines should be sed to new bearish enries or position sizing only.
Bullish breakouts should be used as profit taking or trading the 2nd wave only.
Bullish breakouts are often traps.
HANGSENG LONG this is the Decider for hangseng. we really are in the Middle of it. if it holds this level for a week or 2 expect Fire Works coming out of China all way towards 25k-26k. and if this drops below 17k. Sell and Run bcuz it will go back to 12k-14k range
HK50 on the verge of a breakout to the upside?HK50 is building the blocks for a bullish move but needs to break resistance as shown in the video and top-down analysis.
Short HK50 20 Jul'23Trap, flow, location all clearly present
More structured scanning and referring to HTF for bias and identifying points of interest
Selling HK50 at previous resistance.HS50 - 24h expiry - We look to Sell at 19213 (stop at 19373)
We look to trade the current range.
Trading has been mixed and volatile.
Bespoke resistance is located at 19200.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Our profit targets will be 18813 and 18733
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Resistance: 19000 / 19200 / 19350
Support: 18800 / 18700 / 18600
I see EverythingIt's not a joke. Maybe just a metaphor. I am referring to the little man on the chart and his field of vision. I wasn't feeling in a special in the zone moment when I drew this, in order to expect more than one coincidences on this chart. Maybe this one is enough. End of big bearish candle at the exact end of the yellow line.
I have a question for the little man on the chart: Hey dude, what happens when you become One with the Universe?
HKEX to find buyers at neckline support?HS50 - 24h expiry - We look to Buy at 19220 (stop at 19060)
We are trading at overbought extremes.
A lower correction is expected.
Posted a Double Bottom formation.
Neckline support is 19217.
Further upside is expected although we prefer to set longs at our bespoke support levels at 19220, resulting in improved risk/reward.
Our profit targets will be 19620 and 19680
Resistance: 19840 / 20400 / 20965
Support: 19140 / 18015 / 17710
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
