HSI trade ideas
HSI - Poised for up to 86% growth in 2 to 4 yearsHSI completed a triangle that ended cycle wave 4. And after tracing primary wave 1 and 2 it is now tracing primary wave 3 up, the best wave to ride. Id this scenario holds prices should reach the most probable target of 45,800, 86% of current level, in 2 to 4 years. This scenario should be revised if prices crosses down 22,900. FOLLOW SKYLINEPRO TO GET UPDATES.
HANG SENG SHORT TRADE IDEACurrently price traded back to the important 24600.0 level where if we look to the left it has been retested as well violated many times, will only look for a short trade if i can see a high test candle closed below 24600.0 level.
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Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Hang Seng....Below 24666 bearish!Hello Traders,
Hang Seng dropped down the latter week to 23418 (Future low) and 24483 Cash market.
Closing price @ 23831. As long as the top of wave C of (4) is valid (@ 24666.6) the outlook remains bearish to new lows for Hang Seng.
As per my alternate count, it could be possible, that a flat-pattern is underway, which is not done to the downside, too. So, both counts favor new lows in the coming days and weeks ahead.
With still more possible wave counts do exist, one more is that at the low @ 21138, a wave 1 of Minor degree was done, and the developing countertrend was a wave 2, which is underway. The retracement of this wave was shy above the 0.382 of the decline from 29174-21138, but more importantly, it clearly shows the pattern of a „three-up“!
So, any drop below the 22756 area would greaten the odds, that the countertrend was done and HS is on the way to fresh lows.
In fact, a wave 2 of any degree only has the rule, not peaking above the start of wave 1. So, in this case, there is much room to the upside, if HS will exceed above 24666.6.
I will update the chart if a clear wave pattern occurs.
Have a great and safe weekend...
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
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Short on overhead triple bounce rejectionShort FIB rally back into 50-80 zone
Reason for short:
1. Triple bounce at top of channel.
2. Break of swing low level at 23800
Hong Kong Stock Index (The Ghost Of the Past is Showing Up)View On Hong Kong Stock Index (21 APR 2020)
We are seeing weakness in HSI.
It can swing down to 23,000 region
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HSI long term trendEvery 3-5 years or so, there is a short correction in the market and it ensures the market to grow sustainably. Although this is a complete different scenario compared to 2008's situation, the downslope pattern is quite similar. A downtrend is a downtrend.
I believe that the bottom has not yet came by looking into the downtrend timeframe. However, it likely won't take a long time until its recovery so the best thing to do at this moment is "wait and see".
HANG SENG Some big overlapping monthly support areas below. The areas are broad and require a lot of selling power to break down.
HANG SENG INDEX (HSI) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Hong Kong is facing 3rd wave Read latest news here !
Firstly, I was happy to hear that China has resumed operating again and workers are returning to their factories and offices as well. But, with the return, including going back to HK, it also creates the next wave of Covid 19 cases!
After the second wave , there could be a third wave from mainland China. This cycle could go on until we have an effective vaccine, or the collective immunity in the community reaches about 60 to 80 per cent
Yuen Kwok-yung, epidemiologist, University of Hong Kong
Let's see how the chart is doing. On the day chart, we can see it is now in a rising wedge pattern. As soon as it breaks down, we can see the price action revisits 22 Dec 16 low or even lower at 20695.
Be patient with this pattern as the price can still goes up a little more. Get ready for short, imo.
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