HSI trade ideas
Hang Seng.....On a bearish path?Hello Traders,
Hang Seng is on track to break below the July 9 low @ 26861! If so to come, it would open the door to 25939. More bearish potential exist!
I have visualized the path for my idea!
A break off the possible wave (2) level @ 28218 would be a first sign, that the correction could be done. It should open the door to the wave X high at 294xx zone and a break of this would end the correction definitely!
Keep in mind, that HS is known for extensive corrections! So this one, should last for several weeks. In Germany we call it the „Sommer-Loch“ (Summer hole)! 😜
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Hang Seng.....He feels comfortable in the flag!Hello Traders,
Not much new to add for Hang Seng!
The flag-pattern is dominating the chart since many weeks. All the moves look to me like a corrective, overlapping structure! So, I guess a break to the downside and below 27505 area should not surprise!
The more important chart is the daily, where I was counting wave's ((a)) and ((b))!
A break of the 27700-27505 area would open the door to my favorite count idea. A target should be range at the 26750-26200! More bearish potential exist! Only a break of the possible wave ((b)) high at ~29600, would clear the chart for the bulls!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
HANG SENG : possible buy
I think the index failed to break down as you can see on the chart.
As long as 4 hour candles keep closing above 27500 then I believe we will see higher prices.
Expectations:
1. Price will rise to the middle of the channel
2. price will rise to 30,000 zone
3. price will stall between 30,000 zone and the middle of the channel, then continue up
best of luck :-)
Hang Seng..... More bearish potential!?Hello Traders,
Hang Seng has broke out of the flag and declined to 26861 on July 9! This decline was a 0.618 Fibonacci of wave a/w! In rare cases, this could be all off the correction in a wave c/w! But as long as HS is trading below 28833 level I favor the odds for a wave c or y which is not done to the downside.
A break of the July 9 low would open the door to 25939 level. Here, waves c=a (i.e. y=w) and at this level is the 0.618 Fibo of the advance from 23124 to 31183! So I guess a strong Fibo-cluster!
But more bearish potential exist!
A break of the 28833 area would signal the correction should be done, and HS is on the way to new highs.
Have a great Sunday.....
Ruebennase
Feel free to aks or comment!
Trading this analysis is at your own risk!
Hang Seng ready for a big bull run and catch up.The worst of fundamentals are over and fully discounted and act upon; riots, security law, China supposed disregard, enough time of selling by global managers.
The truth of "cyclical" better fundamentals; lowest PE ratio, most attractive valuations for a most developed liquid market in Asia, China actually even more so will ensure it's version of one country two systems work. Like latest IPO, no restrictions on HK idea, the further integration with Pearl Delta positive effects will soon solidify, stability will bring prosperity & greater confidence (don't believe the great exodus hot propagated story, businessmen go where the money is, not politics ideology).
The technicals are now ready. The daily charts have formed a nice base, and started moving up even in the midst of a few days of bearish moves in US Nasdaq & S&P . The underlyings for the 1st time in a long while points to Hang Seng out-performing. Study and get ready.
Stocks - What do HSI and Nikkei Know?Idea for HSI & NI225:
- Delta variant proving to be a third wave globally.
- Supply chain issues, productivity decline, credit impulse having spillover on Asian indices now.
- SPX will get its wake-up call too.
I know this frequency well.
Speculate Jul-Aug will be very painful for global indices.
GLHF
- DPT
JICPT|HSI range breakout with target of 25700 (AB=CD)Hang Seng Index dropped by more than 8% in the past 2 weeks amid tightened regulations on Chinese Tech stocks. BABA, Tencent, Meituan all fell quite a long to recent lows.
From the chart, I can clearly spot that the range move has been terminated with big bearish candle.
Technically, how much more could the index go down further?
By applying the measure move method, there might be another 5% room to go down. 25700-25900 is a confluence zone with flip & gap & ab=cd . The probability of rebound from this zone is very high.
Those days could be really tough, If you have exposure to Chinese tech stocks, like BABA and BIDU that listed in both HK or U.S. We could know how the stocks move in the U.S. trading session half day in advance, based on the movement in HK market, unless something important happens after HK market is closed.
Give me a like if you're with my idea.
Hang Seng.....Lower targets?Hello Traders,
Hang Seng has had 4 strong down days and declined to 28310 (closing). The move as counted at the hourly chart could not be another waves 1-2, becomes it retraced to deep (below the 0.786 Fib).
So, the alternate comes to forefront and a wave 2 should retrace deeper to ~28086 level. Closing below 27718 would make the bullish forecast invalid.
An alternate view suggests, that at the possible wave ((iii) (blue) high at 31183 a wave Y has ended and a correction to much lower levels should be underway!
At the hourly chart, I have visualized the idea for a wave 2 (blue) and a retracement. Note the trend line. We will see, how Hang Seng will do in the coming session.
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
HSI 7% range move with buy low and sell high pattern! Hello everyone. Hong Seng index has been sideways for a while influenced by the joint forces of US and China markets.
From the daily chart, the 7% range will be held firmly from some time. I would adopt a buy low and sell high trading strategy.
Strategy works until it doesn't. My trade plan is as below:
1. the upper zone being violated: buy the pullback with target set around previous high around 31000
2. the bottom zone being violated: exit and look for buying opportunities around 25000.
Stay safe and trade safe.
Hang Seng.....Not really impulsive!Hello Traders,
Hang Seng has risen to 29288.23 and has found support at ~ 28282 area (blue trend line)
-->Daily chart!
A rise above the possible wave ((b)) high at 29490 would open the door to 29620 and 29880. Note the open gap left by trading on March 3rd! This would be closed at 30074.18!
It needs a decline below the support area of 28282 to become more bearish again, with prices at or around the 27505 level. A break of this area could open the door to 27505.
Have a great weekend.....
Ruebennase
Feel free to ask anytime!
Trading this analysis is at your own risk!
Maxing the Daily Range- Fall ExpectedMulti Timeframe Analysis
Hint: Bulls nearly exhausted
Recommendation:
HK50 bounced like a pinball within a horizontal channel for several weeks. The current bullish run is fueled by the US$579 infrastructure deal. Expect 1 to 2k points higher come last week of June and early July.
As the index now approaches the daily and weekly highs with RSI approaching exhaustion, go long with caution. The previous pattern is clear, price should drop to daily support before resuming another bullish run.
MARKET ORDER RULES
Take a market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. Trade at your own risk.
[Analysis] Hang Seng Index (HSI)(HK)Price is currently consolidated between a tight zone of 27500 - 29200.
These two-level form the current resistance and support. Until either level is broken, it is best to stay away from trading the HSI as the direction is unknown. Trading within the range is not recommended as the movement is choppy and the range itself is very narrow. You can get easily stuck
The major support is at the 26000 levels. As long as this support is held, HSI remains bullish.
This consolidation does have a bullish bias overall. Would not recommend to short unless you are looking for scalping 3-4%.
Verdict: Slight bullish bias, but will remain sidelined for now as it is consolidation
