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Mini Hang Seng Index Futures

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MHI1! trade ideas

Hang Seng Index: Positive to 28017 on a break above 26770Hang Seng Futures HSI1! Next Long Set-Up This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures. The 26770 level is looking increasingly significant. A break above here should be worth following for close to 5% upside to 28017. This index really needs a stop of about 100 points - 3 times more than the Dow although they are both the same price pretty much. It's just the way it is. So a break above 26770 will need a stop 100 points lower at least, and really it should be under the 26588 level, which is over 180 points of risk against 1200 points of reward. The range between 26764 and 26588 is creating whipsaw - it's effectively a small band of uncertainty which may crreate a little more whipsaw around the open. But once it's shown it can overcome 26770 it should be worth following long - but be careful with the stop if trading this one.
HKEX:HSI1!Long
by sumastardon
Hang Seng - The Rebound found resistanceHang Seng rebound strongly with fresh measure announced to ease funding for private companies. The strong rebound brought price to 26222 level. On the left chart, price reached one third of previous downswing (important fibonacci retracement level), also hovering around previous downward channel line. On the right 60 mins chart, yesterday rebound reached 5 golden ratio multiples and quickly retraced. Both charts in different time frame were suggesting the rebound hitting major resistance. And Hang Seng have not prove to be trend reversal, market remain bearish. The current price projection from 26222 level as follow: 25917 short tern support for selling If price trade below 25917, next target at 25729. If price trade below 25729, next target at 25424
HKEX:HSI1!Short
by Johnkiew
Dow, FKLI & Hang Seng - The 50% RetracementThe sharp declined in indexes market have not make significant come back yet since 11 Oct. The 3 charts plotted in 60 minitues time frame. From the left - Dow declined 7.6% from the peak, and rebound to 50% ratracement ( 25510) and trade below. - FKLI declined 6.7% from the peak, and rebound to slightly higher than 50% ratracement (1738) and retraced. - Hang Seng declined 10.5% from the recent peak, among the worst performing market, and rebound to 50% ratracement (25775) and trade below. The current price structure in correction stage with no indication of bullish yet.
HKEX:HSI1!
by Johnkiew