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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!
HKEX:HSIH2019
by ruebennase
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!
HKEX:HSI1!
by ruebennase
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%
HKEX:HSI1!Short
by WellTrainedMonkey
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.
HKEX:HSI1!
by hwong2209
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.
HKEX:HSI1!Long
by DevilTrader168