HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState6
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState2
short term bearishnessLooking to open a short since a bearish flag is forming and prices is near a resistance zone. Shortby E_R1
Hang Seng...Sideline!Hello Traders, as per my last analyze, Hang Seng declined with one more gap to the downside, testing the important level of 26204. Today`s close was @ 26595, intraday low @ 26306! So just ~100 points to go! A fractured market is always not a good sign for the bulls, indicating higher Vola and uncertain of traders. I could draw lots of the trendline to the chart, but this is not the way to give a forecast. To the downside, we have the following levels as important. 26204+26306 are to watch short term. If the latter one will be broken in the next hours of trading, it will be the „door-opener“ to 26204 and below to 25522. The bullish idea of the last analyze is invalid by breaking below 26204! On the other hand; if HS is able to break above the 26690 it could be the chance to close the gap made by today`s session. The next target is around 27060 areas, which represent the middle line of the trend channel. A break above this area/line opens the door to 27605 were an open gap exists from the trading of November 8! So, the situation is not clear short term and I recommend to step to the side line and to wait that the market will commit to us, instead we commit to the market! Have a great weekend... ruebenenase Feel free to ask or comment. Trading this analyze is at your own risk! by ruebennase9
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState6
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState3
Hang Seng...Bullish idea valid!Hello Traders, Hang Seng popped from 26204, a multiple support zone to a 27093.8 level, which is shy above the 0.5 Fibonacci of the decline from 27897.9-26204. This low can be counted as a wave „2“ of lower degree and the advance since a wave „1“ that is close to being done. For this idea, the level of 26204 is to watch. A decline below this area suggests that the possible wave „2“ correction is longer in terms of price as the wave „1“ was and this is not allowed in EW terms. One argument for this idea is that the second and often the third !one`s and two`s“ waves often correct with a steeper slope like the one before. Note the Stoch below the chart where you can observe this behavior. Another one is, that the correction looks like „similar“ ones, which is more often than not the same behavior too. And last but not least, the second wave „i“ terminates at the upper boundary of the trend channel, which is often the case within double „1-2`s“! Another more important fact is the violence and the protest in the streets of Hong Kong, which often occurs at the start of a new impulse, suggesting a bullish price ahead. If Hang Seng will exceed the high at 27093.8 a common target range for the move is at or around the 27250.80 level, what is the 0.618 Fibonacci of the decline. Note that an open gap exists from the trading of November 08 (27651) – 27361 November 11! Only one thing makes me uncertain, that is the gap that occurs at today`s opening bell and it is not the behavior I like to see in an impulse move to the upside. So, it will be interesting in the coming hours and days; let`s see how the market will answer the question we have! Have a great week.... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk! by ruebennase9
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState1
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState4
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState3
HSI bounced from support, potential for a further rise! HSI bounced off 26033.8 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState3
Hang Seng...From a raging bull...Hello Traders, HangSeng gaped down on Monday and again on Wednesday's session with massive losses. The index has broken my important level of 26491 and indicates that not an impulsive move is underway. But what could this move be? As to observe on the graph below, the high @ 33484 was a possible wave „3“ of Minor degree, and the following decline a correction within a larger uptrend counted as a wave „4“ of the same degree. This wave ended @ 24540. The advance following after was a wave ((i)) of Minute degree and the correction after a „three-down“ within a wave ((ii)) of the same degree. The structure since the low @ 24899.90 is not clear to my view. It is not a clear impulsive move, it looks more as a corrective, making the correction from the 33484 a complex correction, what is not clear now! The alternate interpretation indicates, that @ 27366 a wave ((1)) was done and the low @ 25522 is a wave „a“ of an „expanding-flat“, the high @ 27894.6 a wave „b“ and the decline now running a wave „c“ to new lows below 25522 or it will morph into a „running-flat“ that must end above the same level. Because of the gaps that have occurred on Monday and Wednesday, I think it is an impulsive decline within a wave „c“. Because of the negative mood in the streets in Hong Kong and the ongoing protests I favor the impulsive structure! Only a break of the 24540 will turn my view neutral! So, be patient in the coming hours and days. Expect the unexpected! Have a great week... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk! by ruebennase7
HSI bounced from support, potential for a further rise! HSI bounced off 26571.5 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState4
HANG SENG Buy SignalPattern: Channel Up on 1D. Signal: Bullish as the pattern is approaching its Higher Low and the 4H RSI is on support levels. Target: 28400 (below the 1W Resistance).Longby TradingShot26