HSI1! trade ideas
Hang Seng...Wave ((c))in progress?!Hello Traders,
Hang Seng Future (March Contract) has risen as of todays session to 28775.
As per my count a wave (iv) is underway. This scenario is in the cards, as long as the level of 28838 (blue trendline) is valid. Any cut of this level would imply that a bottom should be formed at 28410. But for this I need more evidence.
If the bearish view comes into play, the next move should occur to the downside, probably stairstepping lower to 28672-28598-28533. Below this level a drop to the low at 28410, the wave (iii) is next. If an expanding-flat pattern is underway, we need to see more weakness below this level (28410) and then a drop to 28016 level, which is the possible wave ((a)) low.
If a running flat is in progress, which would fit the overall strenghten of Hang Seng, than the wave c would not move below the wave ((a)) low. After finishing this pattern a sharp push to the upside is next to occur.
The third alternate is an triangle underway, which also will fail to dropp below the wave ((a)) low.
A lot of „if nd when`s“....The picture is not clear right know, but i favor the idea of fresh new los shortterm.
Have a great day....
ruebennase
Feel free to ask or comment.
Trading this analyze is at your own risk!
Hang Seng...Future lead the way!Hello Traders,
today I`d like to show you Hang Seng Future, because of the price development suring after session trading causing by US markets.
Hang Seng (normal trading hours) closed the day with modestly losses @ 29113. The Future had the rest of the day to go...and he did.
By opening the US markets a sharp and strong decline occurs at markets and HS declined to an intraday low @ 28629, close a bit lower the week at 28671.
The Future dropped below the low of March 22,2019. This decline is in terms of price not as long (or longer) as the decline from29255-28016, which I have label an a-b-c pattern.While we have overlapping wave-structure (mark with the red line) it could not be a double 1-2 pattern. So one possibility is, that at 29630 a wave ((iii) finished and a complexe pattern is next to develop.
While the correction after the wave ((i)) high was an „expanding-flat“ pattern I think that the next correction at the same degree will morph eithter into a more complex one (such as a contracting triangle) or it will be a sharp and steep decline, causing by the rules of alternation at the wave principle.
For now it is too early to judge, but the coming week may give an answer which one will develop!
The cash marekt at Mondays opening will may recreate the decline of the future market. The indicators are showing oversold conditions, indicating more declines to come. May it occur short after the opening bell.
From a trading perspective I would be standing off the markets til the pattern becomes more clear.
More bearish potencial exist and for short-term the high at 29630 is the level to be break for new ATH`s, which I think sooner or later will occur!
Have a great weekend....
ruebennase
Feel free to ask or comment.
Trading this analyze is at your own risk!
Potentional Shark Pattern on HSI - Long 1 to 4 RRRLunch break ends in 1 minutes and market re-open, market should rally
Potential Bearish Butterfly Pattern at near 29000-29100Wait and see if it will go up to around 29000. Possible short position near the zone 29000 - 29100.
2019.2.4 am6:19 hsi1! hang seng looks good for selldeclining trend line
emergence of declining divergence,
short position
entry price : 28000 /28100
stop loss : 28200
target price 27400 / 27000 / 26800 / 26550 /
when 26500 breaks, put on the mit at 26800 and hold it !! until 26150
the ratio of Risk/Reward compensation
minimum 1:6 maximum 1:17
good luck
HSI1!: ABCD completion into 200-DMA HSI futures just completed a counter-trend rally ABCD to run smack into the 200-days moving average and I would consider it ripe for a correction. A simple analysis of the higher lows and higher highs would suggest this is a bullish retracement. Zooming out a bit, one would notice there isn't really any support at these levels till the 22,250 level which happens to be:-
#1 the 78.6% retracement of the 2016 - 2018 uptrend
#2 a massive uptrend line which links the AFC, DotCom, GFC and Taper Tantrum troughs.
In both scenarios, we are still talking about an impending correction with the main question being how deep will it cut; <-10% or c.-20%
Weekly Market Outlook - Dow Jones & Hang Seng IndexWeekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong.
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
HSI review in 2018 and the prospect in 2019In bearish market, starting from Q2 of 2018, the Hang Seng Index (HSI) enters bearish market. According to EW Theory, bearish waves either move in 5 or 3 smaller waves. Waves are impulsive if they move in 5, or corrective if they move in 3. In 5, we will denote the waves in 1-5, while ABC are used for corrective waves. I am betting the HSI will have 5 waves to go since the prices have been edged down past 250 MA which is one of the indicators showing it's a bearish market.
How High Can HSI Reach This Year?US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic growth and the US-China Trade Talk will fail before the deadline. But Trump wants the trade deal and Chinese govt is pumping liquidity to lift up the weak A-shares. Therefore, I expect the HK stock markets will move higher at the first quarter of the year amid good outcome on the US-Trade deal and Fed's dovish move, but I don’t really expect a huge gain, probably retest 29000 or below 30000 this year.
A Strong Bear Market Bounce For HSI (HSIF9 Hourly Chart)Expect a short-term pull back near 26100 level after a strong bounce from below 25000 to 26600, and probably challenge a higher level again. Market is still optimistic on US-China trade talk and expecting a pause in QT by Fed this year. Let's see...
A Volatile Week For The HK MarketsGlobal stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to squeeze the short sellers as China’s central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown. The bounce was so quick and sudden and traders started to short covering their positions when the futures price failed to move further down to 25000 level this week, and the market sentiment suddenly changed to more optimistic as positive news came in to boost the market back to 25500+ level. Personally, I think HSI will slow down its momentum near 26000-26200 resistance level but overall the market finds its support near 24500-25000 support zone. In the meantime, investors are still reluctant to enter into the markets, we need to take some time to digest the news and see how the negotiation on US-China Trade War goes on coming days.
