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Mini Hang Seng Index Futures

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MHI1! trade ideas

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.
HKEX:HSI1!Short
by hwong2209
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.
HKEX:HSI1!
by kgiap123
HSI Have Best Advance in Over a Month on Trade OptimismHK stock markets rallied on Friday after Trump said China and the US reached the first phase of a substantial trade deal that delays tariff hikes that were set to kick in next week. We saw strong support for HSI futures near 25600 level as market was optimistic on a partial US-China trade deal and the new QE of the Fed. When price broke major resistance at 26200, momentum gained and short covering orders pushed the price back to 26600 level.
HKEX:HSI1!Long
by DevilTrader168