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.
HK50 trade ideas
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.
HK50 high probability Short Term SetupINSIGHT:
--------------------------
- Retest the TC red line
- Vwap resistance zone
- 10Y yield back to pre U.S. CPI
(not good for indeces)
- Still the same slowing down data for China, including the CPI
HK50 Short Term 1:1 setupInsight:
- Far below consensus china CPI
- Global indeces drop toward US CPI
- Below TC red line and Vwap
There's something about ChinaC H I N A - There's something about China.
They like number go up. So do we.
Case closed.
1995 -- 1996 Third Taiwan Strait Crisis and HSI PerformanceHSI Performance during the 1995 -- 1996 Third Taiwan Strait Crisis
1995 Third Taiwan Strait Crisis and HSI PerformanceHSI Performance during the 1995 Taiwan Strait Crisis, from July 1995 to November 1995
Hong Kong Stock Index (The mass gets tricked)Sell on Rumors.
Buy on News.
The market turns green when Nancy finally touch down Taiwan.
Hahaha.
This is the market for you.
HSI or HK50 targets to 19000/17500/14200?Three possible outcomes and worth to check it out one by one.
Short term parallel channel (black) 19,000
Big triangle breakthrough from 20,500 to 17,500
Long term parallel channel (grey) 14,200-14,500
Long-term Technical Analysis Using Elliott Wave TheoryCaution Elliot wave theory involves the subjectivity of the analyst, so the prediction and analysis may differ from the truth.
Ending diagnostics, starting with Impulse Wave 4, typically return prices to extreme levels
Also, at the same time as the two long-term log trend lines were broken, the Fibonacci 0.382 level was also broken
If the breakthrough is successful, the macroeconomic perspective also indicates that there could be a war that has a huge impact on the economy
Thank you for reading it. Have a great day!
Asia market not looking hot, could see the biggest bear marketMonthly chart all pointing lower.... China is def in a recession, bear paradise for the long term
HSI should prepare for a drop.be careful trade in HSI with long position. from the chart pattern and analysis possibility high in short side.
Long on HK50?This is a trade i'm currently in.
I dont really trade this market but im going to give it a go.
