ICHIMOKU WEATHER REPORT DAILY FORECAST OF HANG SENG 50Daily Forecast of Hang Seng 50 using the Ichimoku Kinko Hyo Indicator. HSI:HSI
HK50 trade ideas
ICHIMOKU WEATHER REPORT WEEKLY FORECAST OF HANG SENG 50I am forcasting the (weekly and daily) probable direction of the Hang Seng 50 using the Ichimoku Kinko Hyo Indicator. I am not disclosing my entry timeframe as that is the personal choice of the individual Trader. HSI:HSI
C stands for China - updateHang Seng index had a perfect backtest of monthy trendline, I think it's a short here and if you look at the news, the fundamental reasons are there as well.
Common targets for the C wave would be equal to the previous A wave (around 12k) or, if things get really ugly 1.272 of A - which would be around 6500. Both areas have strong horizontal support. The Monthly BB was the area for the recent bounce (not shown), but the Monthly Slow Stochastic will likely close with an embedded bearish reading.
HSI Short: Urgent Notification to short at peakBuilding on my previous analysis on HSI, now we have hit the price target (even exceeded), and we have 2 additional confirmation: exhaustion gap and reversal candle. Now is the time to short with a SL slightly higher than the high of today.
hong kong longterm view and long setup hong kong long
😊
Im looking at hong kong 33 and I can see new wave coming for up
There is two look:
The first:
We are in the end of the correction wave (b) and we are going to start the fast (c) wave to make new top
The first part of it going to be the orange (a) and it will be an impulse wave and the target 50% of the (b)
The second:
We are in higher degree B wave and we could have correction then continue the down move to second area (the yellow box ) then will start out impulse wave (historical start)
So in both look we are looking to up move 😊
I put my setup in the chart
Good luck!
Please let me know what you think
HSI is 2 months bull run is coming to an endBased on my Elliott wave counts, HSI should see another 700 points potential to the upside before coming down. For now, I will caution against going long but be prepared to look for signs for short. Thus, this idea is published as a short.
HK50 | Sell the reopening hopesHK50 has retraced almost 20% after advice from Gov. on reopenings and easing of China's strict COVID policies to hit the 200-day MA, sloping down in a parallel channel since.
Current market sentiment has declined on re-escalation of COVID related deaths and infections, however the market has yet to correct inline with this, so any continued deterioration will lead a significant move lower.
Furthermore, China's growth prospects (GDP) for 2022/2023 have been slashed by the World Bank, with others yet to decide.
Key resistance sits at 19638 (200D MA), with local resistance of 20096 and local support of 18339. 0.618 retracement sits at 17982, 50% at 17334. I expect a rise to re-challange the 200D MA and reject from 19500.
Fading into HS50 negative trend.HS50 - 21h expiry - We look to Sell at 19475 (stop at 19795)
We are trading at overbought extremes. A Doji style candle has been posted from the high.
Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 19475 level.
Our profit targets will be 18675 and 18540
Resistance: 19480 / 20635 / 22510
Support: 18540 / 17605 / 16450
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HK50 - Price action looks to be forming a topHK50 - Intraday - We look to Sell at 19560 (stop at 19821)
We are trading at overbought extremes. A Doji style candle has been posted from the high. Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Further downside is expected although we prefer to sell into rallies close to the 19560 level.
Our profit targets will be 18755 and 18540
Resistance: 19480 / 20635 / 22510
Support: 18540 / 17605 / 16450
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HSI, almost perfect, until recentlyHSI, almost perfect, until recently.
only 2007 to 2008, HSI were out of the uptrend channel.
Looking For Some China PullbacksWhen it comes to China I like to watch the Hang Seng Index. That index remains in a bullish bias complexion with resistance levels at 19,706.90 and 19,983.24. Downside potential areas are 19,483.56, 19.260.22. China has been experiencing self-government policies, of which, are dictating their markets significantly. All-in-all, I do not correlate the two as relevant to overall market strength, sentiment, or complexion to the NYSE.
Hang Seng Cup and Handle upside to comeCup and Handle has formed on Daily with Hang Seng.
The breakout was strong, and if we weren't in, we'd wait for a bit of a pull back for a consecutive entry level.
7>21 < 200 Moving Average which gives it a Bullish bias.
With the Covid restrictions lifting slowly and things finally showing a recovery to come for the economy, this could be the helpful catalyst for upside for the index.
HSI Anticipating lower high Weekly Analysis, looking for a lower high compared to 22565 with Weekly Hidden Bearish Divergence on both RSI & MACD
Using retraces for entries, tight stop at the .786 in case of possible reversal and full position at the .886
If you agree or disagree with the setup, please let me know and explain ! We're all here to learn and grow off each other!
HSI bias upside with 22k resistance10th Dec 2022
One month ago, I did mention to check on the Nov candlestick whether did the price closed above 18k.
Since Nov monthly candle closed above 18k, it is a good sign for HSI to recover and it closed near to my target of 20k last Friday.
Next resistance: 22k/23k.
Hong Kong Stock Index (The rebound is in the making)Hong Kong Stock Index (14 Nov 2022)
HK index is in the pull back phase and I reckon it shall continue for quite some time.
18,000 is a good strong resistant but the pull back down shall be mild.
The nearest strong support is 16,000 and it shall go higher and higher again.
19,000~20,000 will be the strong resistant region. Then, we will talk about what's next.
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HSI heading SouthHang Seng Index rebound should have finished around 19500. Stochastic is overbought and the rebound is still below 60 week moving average
which means the downtrend have not been changed. Property market, and the lack of factory order in China, should still hit Hong Kong economy
Next year, most of the Economy will fall into recession, even Taiwan Central Bank is expected major economies will fall into recession in 2023https://www.cbc.gov.tw/tw/cp-302-156071-41d1b-1.html
HSI - Bull signal is hereComment :
1) TrendX+ indicator - wandering below red trend line, still mid-term downtrend
2) DDX+ indicator - Bull signal shows up, looking forward a short-term long position
3) MCDX+ indicator - weak banker bar (red) cross-up MA10 line, while retailer bar (turquoise) has occupy more than 50%
Support & Resistance :
R : Resistance line A
S : Support line B
DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
HSI is looking for reboundIn the pass, I have been bearish for HSI for sometimes, at this moment, HSI might have some rebound before break below the supportive line
aim at rebound targeting 18500-19500
Buying HS50 at current support.HS50 - 22h expiry - We look to Buy at 17450 (stop at 17115)
Buying pressure from 17289 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 17450 level.
Our profit targets will be 18395 and 18485
Resistance: 18540 / 19480 / 20635
Support: 17605 / 16450 / 14580
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HSI/SPY - time to be aware of ChinaKeep in mind this is a monthly chart, so we're looking at years and decades here.
This ratio chart of the HANG SENG INDEX divided by SPY is warning of a coming rush by investors into the Chinese markets. The China C wave I posted about may be done (see post attached below). If this falling wedge breaks out we could see a monumental shift towards the Chinese markets in the coming years, possibly spurred by their willingness to relax Covid controls and/or get better vaccines. This is a market mostly ignored by retail investors and that may change soon.
The monthly RSI has sharp bullish divergence. The monthly 18ma is sitting at 51.3 as I type today, getting over and holding that on a monthly close would be very bullish for HSI.
Good luck!
HSI reboundHSI on the weekly chart showed the TD 9 and force 9, the downtrend was in the short term exhausted range, refer to daily chart the energy indicator showed the bottom divergence. HIS index started to rebound from this point.
After the rebound showed the Force 9 at top, the momentum of rebound was used out, so the current market showed the retracement.
Yesterday HSI index show a bottom fractal with gap up, and it is on above green line now, potential the rebound will be continue, to reach the red band resistance level.
HSI: is about 40% upHangseng looks bullish.
There are 2 bull patterns just ended, so it looks about 40% up at least.
