HSI overboughtChina has been pumptarded lately, waaay overbought. Expecting China to go down and EUrope to go up. More whipsaw, staying out for the day since I made money on open.by hungry_hippoUpdated 111
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.Shortby Dec0derUpdated 27277
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!by paradox6770
Hand Seng Index Projection for 2021Just want to log a model projection for the Hang Seng Index (HSI)... To the green ellipse and then to the red. HSI is very bullish, and would continue to be so, apparently in a multi-year fashion. Deep retracements provide opportunities, but we need to draw the lines and know when to take action. Meanwhile, just enjoy the ride... Asia it is, and Honk Kong may just be it!by Auguraltrader110
HSI OverboughtHSI overbought on a triple top. Could break out and get pumptarded anyways...by hungry_hippo1
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.by paradox6770
2021-02-02 Hang Seng Index FuturesAfter SELLERS achieved HSI had established as a Trend for SELL, I awaited for pullback into 29244 at around 16:20pm on Feb 2nd and held this trade overnight. Market opened with a spike into my entry price then flushed down for 300 points. I took profit around 10:07am on Feb 3rd. by patricktsang19690
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 aheadby paradox6771
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. by paradox677111
HSI - A breather for 'Longsters' a reprieve for 'Shortist' ?If today's Daily candle can close bearish ( strongly ), We may well see a retracement to 28550 at Fib38.2. The past 4 weeks have seen frenzied buying and many have hopped onto the momentous band-wagon. Quite a good time to buy back some of the liquidity at lower levels(best if prices drop fast and weak holders cut losses). So, if the market is not so bullish at that point (Fib38.2), we may see it move further to 28050 at Fib50 and momentum to 27560 at Fib61.8 (have to see how fast the market falls 1st). *Do not get me wrong, I'm still bullish overall but I do see trading opportunities in Shorting. Be cautious and set your SL as you are canoeing against the current, the moment you stop paddling, the strong currents will bring you quickly back to square-one. Conversely, wait to buy-in at the fib levels and follow the current. It's all about the type of trader you are! Good Luck!Shortby HungrypippoUpdated 1
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. by Dec0derUpdated 19197
HSIF the last dancethe head of 7 July shown in pitchfork 1.75 level, maybe is a hint for the head now breakout or not, the line will tell the direction for next few months she's going to hit Gann's level 5 as well tayor!by GaosinUpdated 1
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!by paradox677Updated 551
Important week and a very important Monday.Is it about to reverse or go bazooka? Trend is up and there hasn't been convincing distribution in approach to the current levels. Only things favouring a selloff from here is low volume and the red trendline. Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one. What do you think?by Dec0derUpdated 32327
HS1! 2021 Jan 11 Week HS1! HSI1! 2021 Jan 11 Week Red/Green zones are preferred entry area. Intermediate 27753 resistance was broken through and has now become intermediate support. Though B sees a rejection, the volume isnt' as high as I'd like to see. The bar after it is a down bar on low volume. Notice also the price rotation zone marked out by the grey box. Let's see if market is buidling up for higher prices or if this is topping over. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27958 - 28012 Intermediate support = 27780 - 27806 Support1 = 27645 - 27690 Support2 = 27400 - 27461 Support3 = 26854 - 26947by paradox6771
HSI1! 2021 Jan 06 Midweek Update HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 - 28012 Intermediate resistant = 27753 (price rejection from 2020 Feb 10) Support1 = 27325 - 27400 Support2 = 26854 - 26947 Click like or follow if you find this useful.by paradox677221
HSI1! 2021 Jan 04 WeekHS1! Immediate resistance = 27324 - 27400 Immediate support = 26854 - 26947 A = Pushed through an old top 27077 on high volume B = Weakness is seen from the selling and closing near the low Watch Monday's close for indication from big boys. Trade management TP can be 30% / 50% of range or between the range.by paradox6770
HSIF climaxA50 turned weak, but HSI not finish the job yet, the top should be around 27450 within this month, only then the south train startby GaosinUpdated 0
HSI likely to break 26k this week S&P is about to tank and it correlates with hsf. Another observation is that there is heavy short of put option at 26000/26200 this month. It is likely it would tank below 26000 next week and go back to above 26200 by end of Dec. Guess it will pump in the day and tank with S&P at night. Pumping on Monday morning provides good chance to short. @lonelygeniusby ffazUpdated 10105