dancing cha-cha within the range ; be cautiousPEPPERSTONE:HK50
HSI:HSI
Helloy bello everyone!
Seems like the party ain't ending soon, is dancing cha-cha for the past few 1H candles
From the 4H, it seems inching down.
as the MACD & KDJ both indicating bearish mode.
Cross-checked with broader tf chart - D chart. And it's at oversold zone; keep an eye as it may rebound.
The 1H chart - the Index grasping at the level between 19200-19500
Support : 19200 (yesterday texted 19224; if breaks then next 18960)
Resistance :19500 (if breaks then 19650).
For day trade: same strategy, sell at resistance (19370-19400); buy/TP at support (19250-19270).
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
For swing trade : Set your tf, have your entry and exit plan.
For slightly mid-long term trade (more than 9months - 36months++) : You may plan and DCA the Index. You may take a long position on HSI Tracker Fund 2800 HKEX:2800
The Index is currently in a discount zone as it's traded 30% above its historical all-time-lo (ATL);
Ignore the news and plan for your long term capital gain game plan, be patience and zen.
The law of attraction; we know that whatever bottom eventually rebounds, it's a matter of time.
DYODD. Plan your trade, do not listen to anyone. You can't make the money beyond your realm of capabilities.
Sticktoyourplan follow your trading strategy. Set your SL/TP.
Once all is set, let's zen with 📙 and 🍵 wait for the results.
Happy Trading Everyone!
