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!
HSI1! trade ideas
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
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HKEX:HSI1!
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?
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 - 26947
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
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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.
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 start
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.
@lonelygenius
HS1! 2020 Dec 14 Week HKEX:HSI1!
HS1! 2020 Dec 14 Week
Price remained in a range for the past week
Not much change to S/R zones
Being in the year end holiday mood, take it easy on trading or take a break
Scenario - Short
Short from Resistant 1
Short from Immediate Resistant
Target 1 = 50% of range to Support1
Target 2 = Support1
Extended target = Support2
Support 2 = critical support
Scenario - Long
Long at support zone
Target 1 = 50% of range
Target 2 = Next zone
Accumulation and Timing the Trades.For second week in a row, we sold on Thursday anticipating a selloff on Friday but both times it happened on Monday. We sold in good areas but timing was off by a day. I am not comfortable holding a trade over the weekend unless well in profit. It can be argued that trades should be given enough room and time. Valid point but Gaps are a common theme in HSI futures and i have seen gaps of up to 1000 points. I always insist on timing the trades because i personally like to time the quickest moves in the market and then spend majority of the time on the sidelines. Staying on the sidelines help me stay unbiased.
For market makers to accumulate, we retail traders have to sell. In order for us to sell, market has to look weak, indicators have to give sell signals, wave counts have to suggest 3rd of 3rd of 3rd. Up moves have to look laboured while the sharp moves are swift and so on.
HS1! 2020 Dec 07 WeekHS1!
Scenario - Short
Short from Resistant 1
Target 1 = 50% of range
Target 2 = 26680
Extended target = Support 1
Support 2 = critical support
Scenario - Long
Would prefer to long at support zone
Target 1 = 50% of range
Hang SengLooks to me like the Chinese were responsible for the EOD pump, HSI and KOSPI are both up .6%.
HSI has a long way to go until it hits 2018 peak, so don't be surprised if you see more random pumps like we had Tuesday. Also note that they love NQ, which is green right now while ES, RTY, and YM are all red. Asians love to pump tech.
Selloff ImminentExpecting HSI to top at 27100-250 area and make its way down within next few days.
26750-800 is the key support. Distribution as of now does not support a broader selloff.
If you are new, i update regularly throughout the week within this post as the action unfolds.
HS1! 2020 Nov 30 Week PlanningHS1!
Bar 1
Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar.
The breakout is not convincing
Bar 2
Another breakout attempt, but made a lower high than bar 1.
There is some demand as price close slightly above middle of the bar.
Reason for caution is that although the top of the resistance at 26876 is beginning to act like support, we are still in the supply area of Bar 1.
And the diminishing volume on the breakout attempts tell us that bullish strength is not really present.
Scenario planning:
1) 26876 resistance turned support and strong buy volume comes in. Will it attempt to close the gap from February 2020?
2) Mark up on low volume continues before price reversal
3) Price reversals back into resistance zone, and subsequently goes lower back into the rotation range
Trade with care for 30 Nov week.
Vaccine News - HSI Futures up 600 pointsVaccine news from Pfizer (PFE) and BioNTech (BNTX) seems to have cause another sector rotation from "Covid" proof stay at home (Look at PTON) stocks to the more cyclical stocks (Think airlines, banks, etc...). The HSI futures are also up 600 points which indicates that we will be seeing another green day tomorrow for the HK markets. Pay special attention to real estate, bank, and stocks that are especially affected by Covid. If you are feeling frisky, feel free to short the big tech stocks!
Views are my own, ideas are meant for discussion and educational purposes only. Please make your own investment/trading decisions!
2020.11.09(HSI.PM))If the bullish as fast as breakthrough 26060.i will buy it when it little come back.
on the contrary,fail to break 26060,short again above 26060,target below 26000.
But,in my stand,the HSI close in 26169 in afternoon.
