HSI MFI OversoldExpecting at least a one day bounce off this minor support
ADR traders must be looking at the same thing because PDD went green despite HSI going down last night.
HSI1! trade ideas
HSI UpdateMFI hit overbought last night and several companies announced they are going to delist from the US after their market closed.
There is a gap in futures, but China doesn't always fill those. Snagged some PDD puts on the gap fill, and added a few on this pump. Will wait until EOD to decide if to bail or add. Despite the delisting news, Chinese ADRs are melting up wit the US market, lol. When the algos pump, they pump everything.
15-19/8 weekly Playbook
Overall, $HSI remains cautious until heavy-weighted names earnings release. Therefore, I expect $HSI will continue tight range bound between Monday and Wednesday. Of note, I want to see how the price reacts around the 2H belt as it entered the belt.
Price scenario:
Open/bid above 20078-096, build up time/volume, would test these 20230s area and see if the sellers are still there. If we do manage to break higher, would tgt 20500 and 20633 along the way. 192-230 would be reasonable targets for longs.
If this 20230s area fails, then can revert all the way lower and test 19455.
Open/offer below 20000, want to test 19873/842/825. Below this we’re more than likely going to tgt this 760-600 weekly low volume area where I expect responsive buying. On the way lower would look at 549/519/440 for support.
Depending on the action, if I dont see strong reaction from sellers prior to hitting this 760-600 area, I think we can bounce and test 20167 and 20236.
HSI UpdateChina's tanking again, lol.
I guess I should have paid attention to the easy play. Was so hung up on CPI that I forgot all about China even though PDD is near the top of my watch list.
Oh well. Can't chase it now.
I know there's a lot of bears following me, a lot of time if I feel bearish and the US market is melting up I short a foreign ETF or in this case ADR. Missed out on this one.
Belt STILL rejected HSI!Last week HKEX:HSI1! rallied to 20300 previous week low volume area then got sold off towards 19450-ish, previous daily excess, where seller couldn't find traction. Buyers stepped in and ended OTFD and created three sessions of OTFU into 20300-ish and again got rejected, which left weekly OTFD continued.
Looking ahead, with the Belt, aka @spacemanbtc creation, getting lower, I expect STFR mode still in play, unless the low volume area is taken out.
Bullish case: IMO, buyers in control as long as the area holds, then claim and gain acceptance within 266-355, targets 585
Bearish case: breaking down 4/8 low would trigger weakness, and overall it's simple, keep price under 356 and break 19456, to maintain weekly OTFD, target 19216/063/18879/576
Master Belt dislike $HSIThe belt created by @spacemanbtc rejected $HSI breakout and created weekly OTFD. From the perspective of market profiles, weekly imbalance indicates bearish sentiments among traders and further downtrend expected.
Theme: STFR
Bulls target: reclaim 20633 and tackles above 20985, but note that top belt is leaning lower
Bears target: stay below the single prints around 20300, take out and weekly close under the weak low
HSI UpdateChina is probably the hardest market to predict because their govt exerts their will on the market, whether it be up or down.
I shorted PDD again today because I think it goes down and retests the bottom next week. We'll see.
HSI UpdateIndicators are oversold, but chart pattern says one more down day.
Taking the safe approach and just leaving profits in PDD puts, cashing out the original investment to lock in profits.
HSI 25/7-29/7 weekly planHKEX:HSI1!
Failure to take out previous VAH led to sell-off down to level near the single prints created on Monday.
Week ahead, pivot would be 20868
Since the huge excess 21192-21600 has not been untested, the sentiment for upcoming week favours bears and remains sell-the-rally mode until aggressive buyers take out that excess, which I doubt. FOMC may be the catalyst.
20626-20560 would be a significant area for buyers to defend, or found a bottom.
Yellow area under 20626-20560 is definitely an area that likely to see responsive buyers jump in, which is necessary for bulls to reverse downtrend. If bulls buy this dip, they need to establish acceptance above that LVN around 20500 for continuation. If bulls fail, the previous week excess will be next support.
Indicators: www.tradingview.com
HSI follow the world trend US and Euro market in HSI cash hourGreen and blue lines are the daily trend and VWAP is in red. You may observe that HSI night market did not follow much on the drop of US and Euro market, as during the HSI night market, the participants are relatively less than the cash hours (GMT+8, 0930 to 1600 hr). When HSI cash hours start, world wide major participants will trade in the HSI cash hours. Therefore, you will find a clue from the movement of US and Euro market before you participate in the HSI trading.
HSI FuturesBased on the technicals, we can expect a retracement. Based on the macro environment, should the U.S remove the tariffs on China imports, it will be likely that there will be a breakout.
✅HANG_SENG_INDEX BEARISH SETUP|SHORT🔥
✅HANG_SENG_INDEX is trading in a downtrend
And the pair is now retesting a resistance cluster
Of the falling and horizontal levels
So I think that we will see the price go down
In bearish continuation move
SHORT🔥
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HSI: So bad that it is good?Clearly not a bet the farm type situation but the HSI has traditionally staged a rally off big -2x standard deviation moves.
HSI almost ovverboughtHSI almost overbought, so you know what that means....
PDD puts though the premiums are high due to earnings.
HSI UpdateLooks like MFI went oversold, time for the next pump, conveniently on a Friday.
Generally speaking if the Asians plan to pump we get an EOD rally.
Trading Session live trade analysis..2 wins from 2 tradesI thought that I would try something different and talk through my trades for the day and explain the reasoning behind the entries/exits. I also talked through some missed opportunities and the reasoning for NOT taking the trades in real time.
I trade primarily from price action and attempt to define the momentum moves for my prime entry setups.
Today there were only two trades...which in hindsight could have been better...but I traded to the plan and ended UP for the session.
I hope that you enjoy.
Please leave a comment or like if you would enjoy seeing more analysis of a Trading Day!!
Trade The Structure
nifty2021-22_hangseng2010-11hangseng 2010-11 is the fractal for nifty 2021-22
hangseng 2010-11 is the fractal for nifty 2021-22
hangseng 2010-11 is the fractal for nifty 2021-22
hangseng 2010-11 is the fractal for nifty 2021-22
HSI1! 2022 MAR 28 Week
HSI1! 2022 MAR 28 Week
Continue to watch reaction at 22703.
Weakness expected, market may test 20241.
Do note that downtrend remains since trendline has yet to be broken
and higher low has not yet formed.
Weekly: Ultra High Volume very wide spread up bar rejecting lower prices,
followed by average vol down bar closing off low, level with previous bar
= some strength
Daily: Declining volume as price was marked up = weakness
H4: Topping off, temporary weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI projectionExpecting bullish engulfing on 16/03/2022 will form reversal pattern from it's downtrend as the Chinese government reassures jittery investors by promising support for its struggling real estate industry, internet companies and entrepreneurs who want to raise money abroad after regulatory crackdowns caused stock prices to plunge.
HSI1! 2022 MAR 21 Week
HSI1! 2022 MAR 21 Week
18037 support returned strongly.
Wait for reaction at 22703 as market returns to test previous breakdown and
channel area.
Weekly: Ultra High volume up bar closing on high =
possible weakness
Daily: Very high volume reversal followed by average
volume up bar = strength
H4: Market up on reducing bullish volume =
weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI Future is really come from future!Today is March 19th 2022 but HSI Future already traded March 21th 2022 wow!
Hang Seng - 30 year trendline crackedChart above is the monthly time frame of the Hang Seng.
It's hard to make this type of analysis actionable, but if this trendline has any meaning, it suggests structural issues that won't end anytime soon... wild times.
