Possible Reversal to 25750Potential bullish pattern formed in monthly dimension. Observe and see the reaction near 21300 level. Possible reversal after stabilization.
HSI1! trade ideas
China BottomLooks like China finally realized they're headed for a recession if the rest of the world goes into one. Hang Seng still has a way to go until it hits bottom, and at the rate this is going, probably next week.
Maintaining bearishness until end of next week, even though I expect an up day on Friday as shorts cover before the weekend.
Note that MFI is not oversold yet on the daily or my usual 4 hr chart. I had to post the daily chart just to find teh next support.
Signs of Hope in HK again....I like what I am reading here
The main message here is things are returning slowly back to normalcy. That is consumers are spending again, maybe not a lot but it will come eventually as things get better. And that is what businesses need. An exchange of goods and services.
Please note that I do not know if this is a dead cat bounce or not or the bottom is here. That is why i have a short term target to exit and I have a tight SL as you can see from chart.
Futures trading is risky as it is volatile especially HSI, one of the heaviest traded in Singapore, that I know of. So , make sure you have a strategy to trade, employ STOP LOSS, risk and capital management.
DYODD
Chart Fest: Bad news and good news 3/7Having some away from markets and want to shoot out some charts.
The bad news is, on a long-term basis, markets are just starting to break down.
The good news is, in the short-term, markets are testing long-term support and could mount a significant relief rally.
HSF Downtrend to 26500Possible bearish cypher pattern formed, T1 at 27530, T2 at 26500, T3 at 24220.
China in sell modeLooks like the govt is done trying to pump money into the market, selling off now. Probably gonna hit support, could go lower.
Did you listen to the experts ?This is what the experts say about the market !
I agree to average up in stages and byte size that you can handle. Only Mr Market knows if this is a false breakout and they won't tell you , right ? So, beside having a trailing stop loss to protect your capital, make sure you do not sink your entire kitchen into the market , assuming that it has recovered. I wish I had a crystal ball to confirm but I do not so I too will be buying in cautiously and optimistically.
China released a really lousy sets of numbers , 35.7 for its manufacturing PMI , a 14.3% drop from last month. If logic prevails , bad data = bad stock market performance , then traders's job would be an easy one. The fact that there can be so many macroeconomic, political factors that drives the stock market , focusing too much can result in analysis paralysis.
Chart does not argue, it present the facts as it is , in your face , whether you agree or not, accept or not. That is the truth , something that you have to face it when dealing with the market.
Trend line gives me an unbiased view , not 100% accuracy but a higher probability of winning chance as compared to others I have used. And like I said, use whatever indicators or methods that you are comfortable with. Some are good in analysing news and profit from it while others excel in mapping decades of historical pattern. To each his own, most important is to be happy and make some money the way.
Happy trading , guys !!!
Rising Wedge Pattern for HSIF. Possible Downside at 25360SHORT at around 26490, placing stop loss at 26630.
Looking to take profit at 25360.
Risk / Reward Ratio is 1:8
Bounce Zone 4/4 : $HS1! Part 4 of the Bounce Zone series. $HSI! is trading at the bottom of a medium term wedge with SSR support. $HSI1! has been a relative out performer this past week. The HK government just passed a huge stimulus budget and Xi has it under control in China.
Hang Seng testing supportI fell like all of the bulls are celebrating a bit early because the market finished at the top for the day, futures are determined by global trading and I haven;t seen anything from the Asians or Euros that indicate that they are done selling.
Hang Seng testing support and DAX broke through....
This is why I'm suspecting a double bottom with a lower bottom like Feb 2018. Also the reason why I'm mostly cash over the weekend.
Hang Seng futures - short term advance probably comes to an endFirst time ever to publish chart analysis with explanation to support my projection. Hello everyone, I am the believer of Elliot Wave Theory. The charts show both the Day chart and 4-Hour chart.
1. From the Day chart, since Jan 2018, HSI has been going ups and downs by ABC waves. It is still difficult to categorize whether the index is in bear market, but it definitely rebuke the claims that the index has returned to bull market. And the fact that, China is now under the severe impact of wuhan coronavirus.
2. From the 4H chart, we see a clear 5-wave impulsive wave starting from 14 Jan 2020 to 1 Feb 2020. The ratios of (1), (3) and (5) are justified. Since Feb 2020, we see a strong technical rebound (correction wave). Since the preceding wave (14 Jan - 1 Feb 2020) is a 5-wave movement, the technical rebound should not exceed 0.618 of the preceding wave. It's very likely that the market will start off another descending impulsive wave. Wait and see.
Disclaimer: Elliot Wave Theory somehow helps justify the historical movements and assists you to decide when to long or short a market in a longer run of time. It can to a certain extent provide you the possible movements ahead but it's just for reference. You still need to make reference with other indicators and ratios. Happy trade.
$HSI Hang Seng Futures Short Part 2.Soooo another H&S has appeared within a larger Head and shoulders to make for an interesting 2nd short entry. It looks to be at just about where the right shoulder should form, short here with a stop loss obviously.
Hang Seng Index Future Bull Signal
HKEX:HSI1! reverse this monday, whenever it filled the bull gap, should head further up.
investor should go in either A50 future, A50 etf HKEX:2823, HK index ETF HKEX:2800 , 2x ETF HKEX:7200...etc
I think we should see 30000 within 6 months, and 33000 within year 2020. This place is great for initial invest with stop loss of monday LOW:25880 (which is few hundred points only!)
$HSI Hang Seng Weekly chart head and shouldersThe $HSI Hang Seng weekly chart is showing a pretty clear h&s likely pushing it to the yellow bottom trendline
HSI UpdateAs you can see, the Hanger hit my red arrow target last night, and I'm expecting a small bounce from this oversold condition. If it bounces then so will futures, which means a gap up tomorrow.
Not feeling terribly bearish right now, and this bounce isn't gonna be enough to make me bullish either.
HANG SENG TankChina keeps selling off due to Mexican Beer sickness aka coronavirus, taking the world indices with it. Appears we'r headed to support.
When China bounces, so does everything else, so keep an eye on this,
HS1 WHipsawThe Chinese government kills a couple thousand people every year, but apparent a couple dozen deaths from a cold is a big deal over there.
The market needed a reason to sell off, so now we have news attached to a selloff from an overbought condition.
Expecting a whipsaw next week, but maybe it just goes straight down, who knows?
Hang Seng Index - Bullish and Uptrend but looks heavy.Daily chart :-
+HSI is way above all key EMA20, EMA50 and EMA200 - BULLISH.
+Higher High and Higher Low intact - Uptrend
+EMA50 is about to cross above EMA200 - Uptrend.
! BUT Higher Low spotted on momentum indicator - BEARISH DIVERGENCE)
! Dark Cloud Cover formation formed at Channel Resistance.
! HSI move up with weaker volume.
Bull is getting weak and may take a break.
opportunity to swing short if price breaks and stay below 28200
Next support 27800.
HSI reversed from resistance, potential drop!
HSI reversed off its resistance at 29222 where it could potentially drop further to 27949.
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