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HSI Bear patter from 2018This is a prediction of HSI trend since 2018 using Wave Theory. It was a complicated A wave with 5 waves inside caused almost 2 years. A1 - Oct 2018 A2 - Apr 2019 A3 - Jul 2019 A4 - Jan 2020 A5 - Mar 2020 (the global pandemic concern) Rebound from A5, It completed a B wave in 4 months. BA - Apr 2020 BB - May 2020 BC - Jul 2020 Rapid rebound and completion of B wave, strong and quick correction C wave could be expected. Personally it could be seen in Q4 2020. Critical Level: 1st target: ~21139 2nd target: ~16800 - 17000 Last target: ~13300
TVC:HSIShort
by gavinckt
LONG Lower Timeframe (after) wave E = Higher Timeframe wave D?Recent weeks' sell down looks constant but laboured. Soft rejection off a trendline in confluence with short term Daily chart 'after' wave E (ie Buy) and also in confluence with a higher Timeframe chart wave D (ie Buy). However Selling momentum seems relatively persistent. Projecting the end of this buy cycle to be in the box in the above chart. If it happens, look for Big sells from there. Let's see the outcome. Chart for higher TF is attached below. You decide!
OANDA:HK33HKDLong
by Hungrypippo
Hang Seng...The first waves of a decline!Hello Traders, Hang Seng and the Hang Seng short index hasn't made net progress in the latter week. This should imply a pause in a downtrend. If so, Hang Seng is on the verge to break to the wave ((e)) of „B“ low @ 23685, which was the low of the triangle pattern. The more bearish potential exists! A break of the 24526 area (denoted with the red arrow) implies further weakness for HS and opens the door to the mentioned area before. I have drawn a trend channel o show how HS is moving lower. One possibility is, that HS will decline in one more down-up-down sequence to complete the first waves of wave ((1)) and a pullback in a wave ((2)) and retrace a 0.5 – 0.618 Fibonacci of the decline. But there is still much time to go for this scenario. A move above the high @ 26284 – 26347 would lower the count a minimum. Have a great Sunday... ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Elliott Wave View: Hang Seng Index Correction In ProgressHang Seng 15 minutes chart below shows that the index has extended lower from July 7 peak. The decline is unfolding as a double three Elliott Wave Structure. From July 7 high, wave W ended at 25570.36 low. The bounce in wave X ended at 26103.84 high. The pair then extended lower in wave Y, which ended at 24766.17 low. This completed wave (W) in larger degree. The decline reached the blue box area, which is the 100 – 123.6% extension of wave W-X. From that blue box, the Index did a 3 waves bounce in wave (X), which ended at 25772.41 high. The bounce unfolded as zig-zag Elliott Wave Structure. Afterwards, the Index continued its decline and broke below previous wave (W) low. This confirms that the next leg lower in wave (Y) is already in progress. Down from wave (X) high, the index extended lower in wave A and ended at 24526.91 low. Wave A low ended at 61.8-76.4% extension of wave (W)-(X). From there, the index is currently doing a bounce in wave B. While below 25772.41 high, the bounce in 3,7 or 11 swings is expected to fail. The index then can do another leg lower in wave C before ending wave (Y) in the larger degree. The 100-161.8% extension of (W)-(X) where (Y) can end is between 22486-23743 area.
HSI:HSI
by Elliottwave-Forecast
Hang Seng...The first waves of a decline?Hello Traders, Hang Seng has finished a double-zigzag @ 26782 on July 7. The index is declining in the first waves of wave „3“, which would bring HS below it`s March 19 low @ 21139. the alternate view implies a corrective setback within a wave „2“ and new highs are probably next to expect! At my later analysis, I spoke about the „Hang Seng Short Index“. This index is moving inverted to the behavior of Hang Seng. The Short index made a higher low@ July 7 @4692. Since then, Hang Seng Short index is advancing higher, while Hang Seng is in a declining phase. If this behavior is relevant, Hang Seng will make lower lows as long as the July 7 high is in place. That means on the other hand, that the Short index is pushing higher. An area for this case should be around the 5393 levels, for Hang Seng it would be around 23685 zones (denoted with the red arrow). The more bearish potential exists. This interpretation is valid, as long as the high @ 26374 is in place. Any advance above the July 7 high @ 26782 would void the bearish forecast. Have a great week... ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Hong Kong Stock Index (Go With The Flow)View On Hong Kong Stock Index (21 JULY 2020) HSI has met with strong support near the 25k level and it is priming to burst back up. 25.5k and 25,990 are resistant. DO not short at this moment. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKD
by SonicDeejay
HANG SENG - Could we get further decline?I took a short at the areas at the top, it was looking very over extended. The line I always use and think when I analyse and my life philosophy - What goes up must come down - and vice versa. But the key question is - if we go below further the trend line up, and we have clear further declined I would short the further decline. However, we are at a key area and test the areas of the highs again. Smaller time frames my indicate patterns or candle formation to validate further.
TVC:HSI
by Trade_Journal
HSI DOUBLE TECHNICAL INDICATOR CONFIRMATIONUsing confirmation for both the Fibonacci retracement level and inverse head & shoulder, the strategy is potentially robust enough to cover both bull and bear situation. Strategy: 1. if moving toward resistance 1 and breakthrough, can long targeting resistance 2 using support 1 as a potential stop-loss point. 2. if moving toward support 2 and breakthrough, can short targeting support 3 using support 2 as a potential stop-loss point. Note: This idea is simply speculation and does not indicate any recommendation nor take any responsibility.
TVC:HSI
by jqzxcv
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