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Hangseng

Hang Seng: Symmetrical patterns show an extended uptrend to at lThe index has broken above the multi month descending channel that started on April's peak with a clear cross over the Lower High trend line (dashed line) on very healthy bullish 1D price action (RSI = 66.138, MACD = 47.598, Highs/Lows = 433.2348). Since both 1W and 1M turned neutral (RSI = 54.126 and 51.251 respectively) we are looking at previous candle patterns for clues. So far we have spotted striking similarities with the October 2018 - January 2019 price action. Similar lows, High and rejection around 27,300 and then a continuous bullish sequence. Based on that symmetry we have set the following targets: 29,000, 29,500 and 30,200, which should be used in accordance to each trader's risk approach. A Golden Cross on 1D (as it happened in March) will further validate this outlook. In September we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope
Hong Kong Stock Index (Is it about to Go UP?)View On Hong Kong Stock Index (27 Oct 2019) HSI was trying to form a HIGHER HIGH, HIGHER LOW formation (HH-HL) and it is about to do a break. We will need a strong break out with strong vol to validify the move and it is likely yo happen. If it advances, it shall reach 27,000 and 27,100 regions pretty fast. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKD
by SonicDeejay
Hang Seng: Symmetrical Golden/ Death Cross. Long term Buy SignalHang Seng has been devastated by the recent negative geopolitical climate, reaching in August the 24,900 1W Support. The rebound that followed on 1D was rejected near the Lower High trend line (dashed) and 1D MA200 (orange line) thus keeping 1W bearish (RSI = 43.695, MACD = -309.550, Highs/Lows = -317.3100). We have had a Death Cross formation on that bottom and interestingly enough it is symmetrical with the Golden Cross in March. Since we already tested the 1W Support there are more probabilities now to resume the uptrend and reach at least the 0.618 Fibonacci retracement level (currently at 28,200) like Hang Seng did on its 2019 top. Anything above that will be bullish towards at least 30,200 (2019 High). If however by any chance the index dip again to the 1W Support (the 2018 bottom was at 24,500) then that would be an even stronger long term buy signal towards the 33,500 ATH. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope
Hang Seng to continue Lower?Not the textbook example of a head and shoulders pattern on the Hang Seng, but nonetheless showing us a transition from higher lows (uptrend) to now lower highs (downtrend). I wouldn't really want to trade equities given world equity markets are remaining poised for the Federal Reserve rate decision...but I do like the break, and if we can confirm the retest here with a close below 27980 it would have my attention. The 27400 zone is a potential first profit target. China has come out saying they will not accept the protests in Hong Kong. They want things to cool down. If you follow my work, I have said China wants more control over Hong Kong (mostly getting rid of British Law) because it is a way for people to get money out of the country (also through Bitcoin as well), but also a way for Mainland China to get away from US Tariffs. Hong Kong is not targeted by Tariffs so Mainland can export from Hong Kong.
OANDA:HK33HKDShort
by Uncharted-FX
HSI (Hang Seng) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. HSI has been labeled within a Sub-Millennium degree wave 4 (blue), which has been unfolding ever since the 2007-2008 Recession. Structure - Expanding Flat Formation Oct 2007 peaks and down until Oct 2008 bottoms - Grand Super-Cycle wave a (red) Oct 2008 bottoms and up until Nov 2010 tops - Super-Cycle wave (a) (purple) Nov 2010 tops and down until Feb 2016 lows - Super-Cycle wave (b) (purple) Feb 2016 lows and up until present times - Super-Cycle wave (c) (black) Super-Cycle wave (c) (black) Pattern - Ending Diagonal Sequence - 5-Wave Sequence, with Cycle Waves I II III IV V (black) decomposed as Primary A-B-C (blue) Current PositionCycle Wave III (black) Next expected swing Bearish sequence in Primary B (blue) Market Crash Forecast Support granted at or around the 28000.00 mark and then a bull run towards the 33000.00 levels, where the Grand Super-Cycle Wave b (red) is expected to complete. Grand Super-Cycle Wave c (red) would reflect the next Larger Degree Recession. Structure change Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
INDEX:HSI
by EW4X