HK50 trade ideas
Hang Seng - ChinaMajor resistance in another China ETF....Tagging Multi year Pivots going all the way back to 2011.
ICHIMOKU WEATHER REPORT WEEKLY FORECAST OF HANG SENG 50This is an update of my forecast of the Hang Seng Index using the Ichimoku Kinko Hyo Indicator. HSI:HSI
HSI and WTZ2Happy Chinese New Year. Hangseng Index has given us the present with index rally since the end of last year. Actually, I apply Dollar Cost Average strategy together with TD Sequential tool for price average entry during Q4 of last year. The average cost is such competitive and suit for long term foreign investment. Anyway, in the term of trading strategy, I apply WTZ2, one of my favorite setup, for short term speculative profits. Small risks are applied at below Tunnel. Good Luck!
HKEX dips continue to attract.HS50 - 24h expiry - We look to Buy at 21405 (stop at 21180)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 22040 and 22145
Resistance: 22590 / 24770 / 27550
Support: 20875 / 19525 / 18580
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.
Hangseng Index Rallying in Nesting Impulse Elliott Wave StructurCycle from 10.31.2022 low in Hangseng Index is in progress as a nesting 5 waves impulsive Elliott Wave structure. Up from 10.31.2022 low, wave ((1)) ended at 18414.09. The 45 minutes chart below shows pullback in wave ((2)) ended at 16833.68. Wave ((3)) is currently in progress as another impulse in lesser degree. Up from wave ((2)), wave ((i)) ended at 19237.45 and dips in wave ((ii)) ended at 18530.82. Wave ((iii)) ended at 19737.31, pullback in wave ((iv)) ended at 18799.81 and final leg wave ((v)) ended at 19926.48. This completed wave 1 in higher degree.
Wave 2 pullback ended at 18878.64 with internal subdivision as a zigzag structure. Down from wave 1, wave ((a)) ended at 19130.53, rally in wave ((b)) ended at 19786.29 and wave ((c)) lower ended at 18878.64. This completed wave 2 in higher degree. The Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 20098.23 and pullback in wave ((ii)) ended at 19303.73. Index then extended higher in wave ((iii)) towards 21396.09, and pullback in wave ((iv)) ended at 20862.77. Expect Index to end wave ((v)) of 3 soon, then it should pullback in wave 4 to correct cycle from 12.20.2022 low before the rally resumes. Near term, as far as pivot at 18878.64 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
ICHIMOKU WEATHER REPORT: Forecast of Hang Seng 50I am forecasting the probable direction in price of the Hang Seng 50 using the Ichimoku Kinko Hyo Indicator. HSI:HSI
entanglement and wavesHSI weekly chart level wave count, currently in the first white wave, wait steadily for the second white wave to step back and end and go long.
Hange Seng index still heading on up to 24,637!Large C&H has formed since the break up and out of it's recent medium downtrend.
Price is also above the 200SMA (Which explains the Green background)
This means, an uptrend is confirmed,
7>21 >200SMA
RSI >50 >75
Target 24,637
Bullish
HK50 Sell Setup , Sold at 21639HK50 Sell Setup
Currently 21642
Sold at 21639
(Trading plan If HK50 go up to 21900 we will add more sell)
Expecting target 21320
Incase of early exist will update this anaylsis
Its not a Financial Advice
HSI Potential for Bullish Continuation Looking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 19926.48, where the 61.8% Fibonacci line is. Stop loss will be at 18814.83, where the 23.6% Fibonacci line is. Take profit will be at 22523.64, where the previous swing high and liquidity hotspots are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
HK / HSI ?
Multi month bullish run.
Can make a big reversal IF
you set you criterias
It's a double top or breaks the lower trendline.
For now . it respects the upper trendline. Suspicious of this activity.
Gotta go to ground level for market sentiments there.
All the best
HSI to break out of resistance zoneIf history does repeats itself, then I expect HSI today, in the last trading day of 2022 will emulate the good performance of US indices last night.
On the 4H chart, we can see several price point being rejected at the yellow dotted line, priced at 20,262. It is my hope that HSI closed today above this level and towards the first month of 2023, it will ride higher towards the festive season rally.
ICHIMOKU WEATHER REPORT DAILY FORECAST OF HANG SENG 50Daily forecast of the Hang Seng Index using the Ichimoku Kinko Hyo Indicator
ICHIMOKU WEATHER REPORT DAILY FORECAST OF HANG SENG 50Daily Forecast of Hang Seng 50 using the Ichimoku Kinko Hyo Indicator. HSI:HSI
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
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.
