Get started
HANG SENG INDEXHH

HANG SENG INDEX

24,231.30HKDE
−138.41−0.57%
Last update at Mar 8, 00:33 GMT
HKD
No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

HSI trade ideas

Honk Kong 33 Ascending Channel - Short PositionHonk Kong 33 Short Order Entry: 28,267.8 TP & RR: 27,881.1 (1.5) Stop Loss: 28,525.9 REASONS FOR THE TRADE I hate to open a position against the trend, but I believe that the price will respect the upper trendline and reverse to test the lower trendline. The Stop Loss is set just above major resistance, so if we do get hit it's very likely that the price will continue trending up. The Market Flow indicator is not giving me a signal yet, still showing some strength, so if the trade setup is correct then it should start reverting soon.
OShort
by Quant_
Hang Seng....Moving higher.....Hello Traders, Hang Seng is on the way to raise within a wave c/y to 28705. The Mob (make or break) level for this idea is at 25998, the wave ((iv)) low on December 22! Note that the index could have ended a complete impulsive pattern by making anew high above the wave ((iii)) high at 26782. To me the move looks more like wave 3 of 3, with a wave iv and v to come and complete the structure! An extension of the 28705.72 area should lead to 29297.21 area. But first we wait for the 28705 level, as long as the wave ((iv)) low is valid! I will update the count in the coming days. Have a great time.... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
T
by ruebennase
Hang Seng.....On the path!Hello Traders, Hang Seng has declined into my cited target rang from 26200-25848. Today the index closed trading at 26119.26. The decline does not look complete, so my goals remains unchanged! At 25484 the 0.382 Fibo of the advance from 23124-27040. So, it could be a good Fibonacci-target. Note the open gap at 25712.98-26157.77, in which HS has diving in. It could be possible, that this gap will be closed completely. It needs a push above 26668 (blue arrow) to alter this view. I wish all of my readers and their families a merry and healthy Christmas. Have a great time.... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
T
by ruebennase
Hang Seng.....Open target @25848!Hello Traders, Hang Seng has touched the lower boundary of the channel and bounced to the upside (@ 26668) and pulled back again. The overall development from the high @ 27040 does not look complete and my mentioned target (@25484 is still valid! In this case, the odds would favor a wave ((iv)) and after impulse within a weave 5, that develop as a 1-2-3-4-5 would be next. Any break of the wave ((i)) high @ 24970would alter the count, `cause wave ((iv)) would break into the territory of wave ((i)). Keep in mind, that every 1-2-3 could be a wave a-b-c (w-x-y)! Have a great Sunday..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
T
by ruebennase
Hang Seng.....Bear flag in progress!Hello Traders, HS is moving in a sideways consolidation and is embedded in a bearish flag. This move hasn't touched the 0.382 Fibo of the latter advance and is the minimum target I'd like to see for the end of the flag! So it could be that HS is „gambling“ around the 26782 level and moving in the trend channel (green lines) for some days. Any break of the 27040 level would imply that a wave (iii) of ((iii) has started and would be a strong advance to higher levels around the 29-30K area! A break of the lower boundary of the channel give more potential for weakness development in the coming week (possibly) and could range from 26200-25848 level. Have a great weekend..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
T
by ruebennase
1