HSI (Hang Seng) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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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.
Hangseng
Hang Seng index Approaching Resistance, Prepare For A ReversalHang Seng index is approaching its resistance at 29416.2 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 28788.6 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Ichimoku cloud also shows a corresponding reversal is expected.
Hang Seng index Approaching Support, Prepare For A Bounce is app
HIS is approaching its support at 28788.6 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 29422.9 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HANG SENG: Weekly OUTLOOK!#OpportunityHey tradomaniacs,
welcome to my analysis for HANG SENG HSI.
Everything I want to say is shown in the chart.
Since this market is political-driven we should still wait for the outcome of the tradewar, especially for China and USA.
Every good news seems to be enough for the market to buy.. but still with a very low volume!
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Peace and good trades
Irasor
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Hang Seng Set for Renewed UptrendUS China trade war resolution more forcefully impacts Shanghai Composite and Shenzhen Component, but Hang Seng should also see some gains. Moreover, we have seen a bit more progress in the negotiations apparently with tech transfers, tech war. Let's see if it pans out though. For more, check out www.anthonylaurence.wordpress.com
Proceed with CautionHSI closed in a strong support region.
Fourth wave expanded flat is the preferred count as the selloff seems to hv good momentum but caution is required. Under this count, HSI will make a new low below 28000 and then rally towards 30000. ALT. Triangle.
28600-29000 area has seen very heavy volume traded recently. Expect the prices to hover in and around this area for some time.
Selling rallies with SL 29280 is the plan for now. Will update if things change.
Hangseng correction. Expanded flat or a Triangle?Hangseng appears to be in wave iv correction with A and B waves both unfolding in 3 waves. Wave C is currently under way.
In case of an expanded flat, it will break below 28000. Target area is 27800-600.
In case of a Triangle, wave C should end around 28550-600 area.
Once completed, wave v should advance to 30000-30300 area.
Hang Seng (HSI) Buy Trade 2H TimeframePrice is in an uptrend on the daily and lower timeframes, and has just broken the 29 153.0 ceiling, which represents the previous high. It currently is 23 points (pips) below the 289 432.2 level, which has been tested twice previously ass support, though it was later broken through.
As a trend trader, I would wait for a retest of price towards previous high (29 143 area). That area is almost in confluence with the upward trendline, which can also be used as a buying level, once price gets close to it.
Hong Kong Stock Index (HSI) *Our TP2 level is hit.View On Hong Kong Stock Index (HSI) (29 Jan 2019)
HSI has hit the TP2 level. Take it slow and do not rush into chasing the market.
But sooner or lower it should be on the way to 28,000 level again.
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Our Analysis
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LONG (entry is valid as long as the price is above 24,200)
SL 24,080
TP1 26,790 (Already Hit)
TP2 27,660 (Already Hit)
TP3 28,295
TP4 30,970
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HSI approaching support, potential bounce!Hang Seng Index is approaching our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26327 (100% fibonacci extension , 50% fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
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Hang Seng Index approaching resistance, potential drop!Hang Seng Index is approaching our first resistance at 28029.9 (horizontal swing high resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension ). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Hang Seng Index: Positive to 28017 on a break above 26770Hang Seng Futures HSI1!
Next Long Set-Up
This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures.
The 26770 level is looking increasingly significant. A break above here should be worth following for close to 5% upside to 28017.
This index really needs a stop of about 100 points - 3 times more than the Dow although they are both the same price pretty much.
It's just the way it is.
So a break above 26770 will need a stop 100 points lower at least, and really it should be under the 26588 level, which is over 180 points of risk against 1200 points of reward.
The range between 26764 and 26588 is creating whipsaw - it's effectively a small band of uncertainty which may crreate a little more whipsaw around the open. But once it's shown it can overcome 26770 it should be worth following long - but be careful with the stop if trading this one.
Dow, FKLI & Hang Seng - Again The Retracement LevelAgain the 3 markets have rebound from recent new low. According to elliott wave and fibonacci structure, the market correction size fall between 38.2% to 61.8%. Shall the current market market to prove as trend reversal? Trader please monitor the following price level.
Dow Jones:
Retracement level at 25203, 25537 and 25871. Higher than 25871 indicate price reversal from bear market.
FKLI:
Retracement level at 1697.5, 1707.5 and 1717. Higher than 1717 indicate price reversal from bear market.
Hang Seng:
Retracement level at 25132, 25340 and 25548. Higher than 25548 indicate price reversal from bear market.
If current rally the price do not go higher than the above levels, market remain in bearish structure.
HSI ShortsPrice is revisiting previous swing high levels. Although resistance is around 26400, price can definitely continue to increase further before coming down. Thus it is only logical to place your Stop Loss above the previous Swing Highs. The Stop Loss level of 26800 is part of my strategy. If you are following this trade, do not adjust the stop loss. Rather, adjust your lot sizing instead. This is one of the very few Low Risk, High Reward Trade. Personally I have increasing my risk for 1% to 5% (thus 5x the usual profits).
Trade with care everyone and have a good week ahead. If you find my trades and analysis helpful, please visit my Patreon to support me :)
Hang Seng - The Rebound found resistanceHang Seng rebound strongly with fresh measure announced to ease funding for private companies.
The strong rebound brought price to 26222 level. On the left chart, price reached one third of previous downswing (important fibonacci retracement level), also hovering around previous downward channel line. On the right 60 mins chart, yesterday rebound reached 5 golden ratio multiples and quickly retraced. Both charts in different time frame were suggesting the rebound hitting major resistance. And Hang Seng have not prove to be trend reversal, market remain bearish.
The current price projection from 26222 level as follow:
25917 short tern support for selling
If price trade below 25917, next target at 25729.
If price trade below 25729, next target at 25424
HK50 LONG OPPORTUNITYIndices globally have been in a downturn as the trade tensions between Trump and China heated up however should we expect some short term relief?
The market works in trend and tends to bounce between support and resistance zones. The HK50 (Hang Seng) has reacted from the key weekly support of 25300.00. Looking left you can see how this level has been used significantly in the past and could find some buyers at least into the key resistance of 28500.00.
HK50 LONG FROM WEEKLY SUPPORTIndices globally have been in a downturn as the trade tensions between Trump and China heated up however should we expect some short term relief?
The market works in trend and tends to bounce between support and resistance zones. The HK50 (Hang Seng) has reacted from the key weekly support of 25300.00. Looking left you can see how this level has been used significantly in the past and could find some buyers at least into the key resistance of 28500.00.
Dow, FKLI & Hang Seng - The 50% RetracementThe sharp declined in indexes market have not make significant come back yet since 11 Oct.
The 3 charts plotted in 60 minitues time frame. From the left
- Dow declined 7.6% from the peak, and rebound to 50% ratracement ( 25510) and trade below.
- FKLI declined 6.7% from the peak, and rebound to slightly higher than 50% ratracement (1738) and retraced.
- Hang Seng declined 10.5% from the recent peak, among the worst performing market, and rebound to 50% ratracement (25775) and trade below.
The current price structure in correction stage with no indication of bullish yet.