HK50-M15-M5-BUYdaytrade on M5 or M15 Timeframe. this kind of chance is rare. wait london traders open might cause volatility and re-bounce fix.
RM3-RSI divergence-BUY, looking for 1.5R, put 2 trades.
trade all ideas on live.
HK50 trade ideas
HongKong - Most oversold in decadesHSI is at the most oversold in decades, touching the bottom of its monthly uptrend channel.
Valuations are at its rock-bottom extremes with very poor sentiments, on the back of the Congress Party closure without good news.
Reward-to-risk is high, especially if reversion to the mean happens.
HK50 INDEX Price should clear internal before external liquidity. Might clear sellside liquidity and mitigate imbalance 2 then eventually target external liquidity (buyside liquidity) and mitigate w1 bearish order block. Feel free to leave comments
Selling HS50 at market.HS50 - 22h expiry - We look to Sell at 16695 (stop at 17020)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
Further downside is expected although we prefer to sell into rallies close to the 16695 level.
Our profit targets will be 15770 and 15425
Resistance: 16940 / 18130 / 19165
Support: 15425 / 14000 / 12000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CHINA DEFLATIONARY CYCLE LEADING US This is something when it is going up we are all cheering the GDP . we are running at 125/128 debt to G D P.
Elliott Wave View: Hangseng Index Sequence Remains BearishShort term view of Hangseng Index suggests cycle from 6.28.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.28.2022 high, wave ((i)) ended at 19469.11 and wave ((ii)) ended at 20185.15. Index then resumes lower in wave ((iii)) towards 16906.96 with internal subdivision as an impulse in lesser degree. Wave ((iv)) rally ended at 18164.20 with internal subdivision as expanded flat as the 1 hour chart below shows. Up from wave ((iii)), wave (a) ended at 17315.79, pullback in wave (b) ended at 16906.96, and wave (c) ended at 18167.37.
The Index then has resumed lower again. Technically it has enough number of swing to end wave ((v)) but near term may still extend lower. Down from wave ((iv)), wave (i) ended at 16438.60. Wave (ii) rally is in progress as an expanded flat and while below 18167.37, the Index can resume lower again. Near term, as far as pivot at 18167.37 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Once wave ((v)) ends, it should also end the cycle from 6.28.2022 high. Index should then do larger degree rally in 3, 7, or 11 swing to correct that cycle before the Index resumes lower.
A possible rebound for HSI ?I hope the Hong Kong market will make a turn around sooner than later. The last bearish daily candle shows that selling has not eased, yet. Hopefully, with the restrictions lifted, we can see some sectors like (hospitality, tourism, entertainment,etc) improved on their business.
HK33HKD Headed to 11,000?Technical setup appears to suggest a visit to the range lows is in process (unless a technical reversal takes place)
Note: There are two technical targets both pointing to the range lows.
1) The horizontal trade range, having broken down after leaving the range highs & returning into the range.
2) The 1.618 extension of the rising wedge that has now broken down
Hang Sheng - trading ideaJust a monthly range
Maybe we have bottom, idk
R:R isn't perfect but 2 isn't bad
Time To Keep An Eye on ADRsWith China opening up and realizing a zero Covid policy doesn't work we should begin to see the country get itself back on track. In addition, China will be buying millions of barrels from Russia, soon.
I've attached my levels on the Hang Seng Index. Keep an eye on those ADRs BABA, JD, NIIO, etc.
HangSheng Index Elliott Wave AnalysisThe stock Index is in Flat ABC correction of Minute Degree ON 4H Timeframe which will complete around 22 k price level in coming time as shown in wave C target.
Watchout for early optimism in HS50,HS50 - Intraday - We look to Sell at 18890 (stop at 19100)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 18285 and 18130
Resistance: 19165 / 19800 / 20320
Support: 18130 / 16940 / 15425
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Can the Hang Seng cobble together a sympathy bounce?Whilst the overall trend and sentiment point lower, yesterday’s false break of support could provide a potential bounce for the Hang Seng index.
Despite its downtrend on the daily chart, the HSI produced a strong bullish engulfing candle on the 25th of August which showed strong demand around 19,200 – a level which has held since May (and a similar candle occurred). Whilst it printed a bearish pinbar and then fell back below 20,000, the fact it took 6 days to unwind the gains of the engulfing candle can be seen as a form of strength.
Also note that we saw a false break of the 19,200 support area yesterday despite the negative sentiment, and the day closed with a bullish hammer. Furthermore, the hammer formed and closed above key support and the weekly S1 pivot point, and a bullish divergence formed on the RSI.
The near-term bias remains bullish above yesterday’s low and for a move back to the 20-bar eMA, or weekly pivot point. Whereas a break beneath yesterday’s low (or daily close) assumes its next leg lower has begun and brings the 18,400 region into focus.
Hang Seng Index - initiating analysis coverageFor personal interests, analyses on the HSI will be initiated...
The weekly chart closed on a bearish note, at a 5 year low. Close to a suuport at 19,200, if it breaks down -250 points, there would be more downside to the last low of March 2022, at 18,235.
As with many of the analyses done this weekend, a lot of indications that the last low will be revistied.
The daily chart has a breakdown over he last week, and daily technicals are crossing under. These are indicative of more downward momentum.
Overall, bearish aura prevails for the Hang Seng Index.
High Risk Chop Chop HK33HKD $HK33HKD Initial ShortHigh Risk Chop Chop HK33HKD $HK33HKD Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
