Going UPGood volume has arrived over the last 2 days. Not totally convinced that Long term bottom is in place but for next few days/weeks, HSI should make its way up towards the top of the parallel channel. Resistance will come in at 17500, 18000, 18500 and 19000. Longby Dec0derUpdated 114
Expecting Oct 4 Low to Hold.Move down Today seems to be a breakout from the Triangle. I expect Oct 4 Low to hold and a strong move up towards 20k starts here. Longby Dec0der111
Hang Seng Index: High-flyer 🌟The Hang Seng Index is currently in a strong rise. As the yellow trading range between 17 424 and 15 571 points has already been approached, it is quite possible that the low of the magenta wave alt.(2) has already been set. We give this scenario a 40% probability and it would become our primary scenario if the resistance at 18 898 points is broken. Until then, however, we must continue to expect that there will be another fall deeper into the trading range before the turnaround takes place.Longby MarketIntel110
Markets Keep Dropping: Is this Temporary or the Start of SomethiThe week stated with stock markets facing pressure due to a violent attack by Hamas on Israel. The involvement of other players, notably Iran suspected of aiding Hamas, has raised concerns of a potential full-scale conflict, prompting the United States to dispatch a squadron of warships toward Israel. Consequently, global markets are grappling with heightened turmoil and uncertainty. In just one week, oil prices appear to have retraced their steps to pre-September levels. However, this situation remains fluid and subject to rapid changes in the days ahead. OPEC+ recently convened an online meeting to evaluate the prevailing oil market conditions. Following the meeting, no significant alterations were announced, as both Saudi Arabia and Russia opted to maintain production cuts until year-end. In an unexpected twist, Russia decided to lift its Diesel export ban, thereby increasing oil supply and exerting downward pressure on prices. Should tensions in the Middle East not escalate further, it's likely that oil prices may stabilize around the $80 mark. A similar narrative unfolds for gold. Traditionally, precious metal prices tend to surge during times of conflict. However, the current environment, with high bond yields offering attractive returns, has rendered precious metals less enticing to investors. Turning to economic data, despite the prevailing high interest rates, the economic system appears resilient. The evolving economic situation has become a focal point for investors. While some are hopeful for a crisis that might prompt central banks to lower interest rates, recent indicators suggest a different trajectory. In the United States, the creation of 336,000 nonfarm jobs has been a positive development, and Europe is also reporting better-than-expected results. Bitcoin the Solution? Right now, Bitcoin is definitely one of the best assets to own. Over the past seven months, dating back to mid-March of this year, Bitcoin's value has oscillated within the $25,000 to $30,000 range, leaving market participants uncertain about its future direction. However, there's a growing likelihood of multiple ETFs gaining approval, potentially opening the floodgates for Bitcoin investment and making it an attractive option for financial advisors seeking to diversify their client portfolios. I maintain my investment in Bitcoin, with a particular focus on RIOT Platforms stock, which is closely tied to cryptocurrency production. While historical patterns suggest that conflicts can lead to temporary market declines, I remain relatively unperturbed. China My investment strategy continues to revolve around the Hong Kong index, targeting major stocks at discounted rates. Recent macroeconomic data reinforces the possibility of an economic resurgence in China by 2024. During the recent national holidays, China's domestic tourism earnings reached an impressive 753.4 billion yuan (approximately $103 billion), reflecting a 1.5 percent increase. These figures underscore the readiness of the Chinese populace to embrace life and engage in retail activities following the economic recovery.Longby Antonio_Ferlito0
Towards All Time HighStart Buying. HSI at the start of at least multi month may be even years of uptrend. Longby Dec0der662
Strong reversal but resistance remainsThose who hit the bullseye below previous swing low can book profit around 19k. Bottom not in yet. More consolidation and lower prices to come over the next few days/weeks. by Dec0der331
HANG SENG: Buy signal on the bottom of the Channel Down.Hang Seng got rejected on the 1D MA50 two weeks ago and is headed again to the bottom of the Channel Down pattern. The 1D timeframe turned red again on its technical outlook (RSI = 41.280, MACD = -221.700, ADX = 20.498) and this is becoming a buy opportunity again. Every prior rise inside this Channel Down has been at least +10.90% so the one that started on the August 22nd low isn't technically completed. Buy and attempt contact with the 1D MA200 (TP = 19,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope115
Breakout imminentHsi can breakout from this consolidation any moment now. If it breaks down then going Long below the previous swing low at 17500 is a no brainer. Give your trade some room as they may try to hit the SL below 16800. If it breaks up then we will have to watch the resistance to higher prices to determine if the market has bottomed and is starting a big move up or if more accumulation needs to happen.Longby Dec0der3
Accumulation continues. Volume is highest between 18000-18500. This is where most of the buying is happening. Expecting consolidation for few days, maybe whole of this month. by Dec0derUpdated 1
Short term trend remains DownMarket back between the blue lines as expected. Selling and buying both strong so expect some zigzag. Lower prices to come. by Dec0derUpdated 2
Go Long below one of these 2 lows.Rally from here may very well go on to make the new ATH. Go Long below one of the 2 lows and hold onto this one. Longby Dec0derUpdated 222
Day Trading the Hang Seng IndexDay trading the Hang Seng Index...explanation of the two trades for the day and the price action that led to the setups. I talk through my approach to Day trading and how I use the indicators along with how to Manage the Risk while in a trade. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **Education13:43by TradeTheStructure2
China's 5Y LPR remains unchanged, what does this meanOn August 21st, the 1-year Loan Prime Rate (LPR) was lowered from 3.55% to 3.45%, while the 5-year LPR remained at 4.20%. On August 15th, the Medium-Term Lending Facility (MLF) rate was lowered by 15 basis points (bp). The market had anticipated a 15 bp reduction in the 1-year LPR rate and a 20 bp reduction in the 5-year LPR rate. However, there isn't a clear correlation between the 5Y and 1Y LPR. The unchanged 5-year LPR rate might imply that the expectations for a rapid and significant rebound in the real estate market in the second half of the year have been erased. A notable observation is that when clear signals of real estate stimulus policies are released, the reduction in the 5-year LPR rate tends to be substantial. Conversely, when real estate stimulus policy signals weaken, the reduction in the 5-year LPR rate falls short of expectations. By keeping the 5-year LPR rate unchanged, it indicates that, under the overarching trend and context of a downward shift in the real estate market, the policy emphasis is not on stimulating new real estate sales demand. After all, the future of China's real estate will experience a trend distinct from the past three decades, and both supply and demand will gradually transition to a lower level. Whether it's the early repayment of residential loans by residents or the exposure of local debt pressures, they are both triggered by the decline in real estate sales, and debt pressures are transmitted step by step through financing channels. Compared to policies that stimulate the demand side, the main policy focus is on controlling debt pressures on the supply side. Mitigating the debt pressure triggered by the decline in real estate sales is the current policy priority. The current situation still involves a process of interest rate centralization, and there is still room for downward adjustments in benchmark deposit and lending rates. The main breakthrough points for alleviating debt pressures lie in two areas: easing household debt pressures and resolving local debt risks. Both of these key actions are closely related to the adjustment of benchmark deposit and lending rates.by TraderXR0
China's CPI effectIn July 2023, the year-on-year decrease in the Consumer Price Index (CPI) for residents in China was 0.3%, while the month-on-month increase was 0.2%. The Producer Price Index (PPI) for industrial producers in China showed a year-on-year decrease of 4.4%, and a month-on-month decrease of 0.2%. The cyclical fluctuations in commodity prices similarly affect the year-on-year analysis of PPI, while the significance of the month-on-month change might be more important. Excluding base effects, the real economic scenario depicted by July's prices indicates a strong demand for services and lower-than-expected industrial production. Amidst the backdrop of strong overseas commodity prices, July's domestic PPI continued to decline month-on-month, reflecting the persistently weak pattern of actual industrial production demand. Looking at different industries, the prices in oil and gas extraction, nonferrous metal, and smelting and processing industries shifted from decline to increase month-on-month due to the impact of rising international oil and nonferrous metal prices. However, industries more reflective of domestic industrial production demand, such as coal maintained negative growth month-on-month, contributing to the negative PPI reading. This aligns with the weak construction industry PMI data for July. In downstream industries, computer manufacturing and smart consumer equipment manufacturing recorded month-on-month increases, indirectly verifying the resilience of China's middle and high-end manufacturing exports. Recent export research indicates that some companies still have confidence in overseas demand and their competitive advantages for the second half of the year, and the negative impact of trade frictions on exports is gradually diminishing As expected, the year-on-year inflection point for PPI occurred in July, indicating a potential price increase for industrial products. Historical data show that PPI inflection points generally lead those of industrial product inventories, and PPI trends align with the trends in inventory cycles, which indicates a strong indication of inventory cycles. Experience suggests that during the phases of passive destocking and active restocking, industries tend to experience an upward trend in industrial production and profitability. The market expects that after the bottom of the inventory cycle, the economy will undergo a cyclical recovery. However, there are two distinct features of this inventory cycle. First, the elasticity of real demand during this inventory cycle is limited this year since China's inventory cycle is essentially a shadow of the real estate cycle. Second, PPI as an indicator of domestic industrial demand might experience a phase of "failure".Longby TraderXR0
Stochastic and MACD HSI strategyStochastic and MACD HSI strategy. With Stochastic as main and MACD as filtering for singal noiseLongby qwert12340
Simple price cross HSI SMA strategy Simple price yet useful HSI SMA price cross strategy.Longby qwert12340
HSI 1 mont standard deviation rangeThis is helper indicator to show 1 to 2 standard deviation range of 1 month HSI based on VHSIby qwert12340
Bullish HSI Can Be Supportive For The KiwiNice bounce on HSI, looks like a bottom in 2022 because of an impulse up, now right shoulder at support. China is doing everything to support its economy, but with high rates in other major countries, they just cannot pick up that easily. However, when economy in China will really start picking up that’s when commodity currencies like AUD and NZD can benefit. Also, recently China announced that they are in trade talks with New Zealand, so maybe NZD has also nice upside potential especially vs USD, now when FED can be close to end the hiking policy. Looking at NZDUSD chart, we can see slow price action and corrective wave structure after an impulse from the lows, which indicates for more gains in upcoming weeks/months.Longby ew-forecast4
HSI appears to be getting ready for mark up phaseYou can never tell for sure how much more they have to accumulate/distribute but signs are encouraging that accumulation phase is coming to conclusion and HSI is poised for a run to all time highs very soon. Longby Dec0der2
Daytrade Review on the Hang Seng IndexI small trade today on the Hang Seng Index that turned out to be quick and simple with little to no pressure from the entry. Could have been a better exit but all up it was a good start to the day. I will explain the price action for the Entry and the reasoning for the trade coming into the start of the session. ** If you like the content then take a look at my WEBSITE in the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated. **Education05:15by TradeTheStructure2
Maximum Pessimism - Blood on street - what do you do ?There are more negative and pessimistic news about China every day in the papers, online and social media. Remember, be it print or clicks , the more viewerships , the more money they can make (capturing your data and then selling advertisments or relevant news back to you) So who wants to hear positive and good news huh? It is boring and unsensational! China is now brutally being punished by Europe, US and Japan on the chips market, cutting them off from exporting the advanced materials that China needs. Of course, the business owners like Nvidia is unhappy as China remains one of its core customers. Post Pandemic recovery? People have forgotten after the 3 years lockdown, it takes time to put things in order. Many small business operators have closed shops, bankruptcies are at all time high including the big boys (Walmart and Carrefour closing many outlets in China). Domestic demand is not back yet to its pre- Covid days. Covid-19 has disrupted the world economy , more so for China as it stays locked down much longer than most countries. If it takes 21 days to make a new habit, think 3 years. It has structurally altered many consumers' habits ,being forced to stay at home. Their mindset has changed, their risk appetite is different being more conservative and cautious than before, worrying if a similar or worse pandemic might occur again. A weakened yuan , a badly battered stock market which left a distaste in many analyst downgrading China economy and losing confidence. The property market still remains in a doldrum with many smaller developers hanging carrots to lure customers. China is so fragmented that just looking at the Tier 1 cities performance is not conclusive as this are highly dense populated cities with great infrastructures , amenities and opportunities that continue to attract the lower tiers to come venture into. The investment climate seems gloomy at the moment for China and other than Russia, it seems irrational to invest in China now. I do not hold a magic wane and able to predict the future of China but I believe in the story of China for the long haul. I have long advocate the importance of diversification and that includes geographically, by sector, by asset class, by time horizon and investment objectives. I hope in the next coming weeks or months, there will be some economic stimulus by the CCP to shore up the economy. It is important to note that not all sectors will grow strongly as CCP will continue to invest in places that are of strategic importance to its country, protecting its national security and achieving common prosperity for its peopleLongby dchua1969Updated 223
Not a terrible place to place a bet.I see that we have held support, and were going back for a retest. I don't know how close we get, but if it touched into the baby blue box below, I think that's a great risk reward for a long position. China is beaten down, fudded, this very well could be the bottom. If it goes lower than the support, you probably want nothing to do with it till we see it above once again.Longby MikeMM111
Hang Seng: Thumbed 👍Exemplarily, Hang Seng has thumbed our target zone and turned upwards from there. Thus, we classify wave 2 in turquoise as complete. Now, wave 3 in turquoise should carry Hang Seng above the resistance at 21 056 points. The counter movement of wave 4 in turquoise should then push the index back toward this mark before the ascent can be resumed once again. However, there is a 39% chance that Hang Seng could interrupt the current upwards movement, shifting southwards to develop the new low of wave alt.2 in turquoise, which should then be established before the support at 17 948 points.by MarketIntel1