Hang Seng - Price Heading to 26394Hang Seng did not went higher then 50% retracement stated in previous post. Quick selling seen in Monday open. The current price projection suggesting price to reach 26394 in the short term (300 points from now).
Hangseng
Hang Seng - Rebound reach 50% retracementHang Seng reach a conservative projection target yesterday, it went higher to reach 10 golden ratio multiples (1.618^10) & 50% retracement level on the left.
The rebound has not prove to be a reversal yet, as price did not go higher than correction zone 26990 & 27575, primary trend remain downtrend. Trader please trade with cautious as price will be volatile during correction phase.
Hang Seng - Rebound from LowHang Seng rebound from initial projection on post 5 Sep & 6 Sep 26431.
The current rebound expect to reach 26773 to 27222 (see left chart). If price did not trade higher that this, the primary trend remain weak and no reversal indication yet. Trend trader can remain sideline as current swing is correction phase.
Flash note: Hang Seng 50 Future/Tencent + ADR /NasperAccording to Lester Davids, Trading Desk analyst at Unum Capital:
"Some positivity on the Tencent Chart - Could be a driver tomorrow.
- Bullish Divergence
- Extended well below it's 200dma (HK$404)
- Chinese market sentiment overwhelming negative"
Contact the Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za to discuss.
Hang Seng - No sign of reversal yetPrice reach spiral projection 27156 yesterday. While price remain below 27156, 26431 is the next projection target.
Hang Seng Heading 27156 in short termBoth charts showing 3 fibonacci spiral projections. On the left, in Hang Seng Futures Daily charts, the downside room project at 26431 (Around 950 points from now). On the right chart, a 30 minutes chart spiral projection at 27156 (230 points from now). Trader please do not hesitate to sell until price trade higher high.
Dow vs Hang Seng DivergenceThe two market are not necessary similar, but historically both index have positive correlationship close to 80%. Dow make higher high during June, at the same month Hang Seng breakdown from the range and form lower low. The current divergence has lead both indices correlation to 26%. Is this the outcome of tariff war?
Short HSI (Hang Seng index)was about a 1% away from official bear market territory, sitting 3% away, for now. $GXC $SPY
Bear Unleashed Hang Seng Update.A little update on this Index that is perfectly consistent with the February "Bear Unleashed Hang Seng" chart.
Best wishes to all.
Hang Send - fifth wave is around the cornerIt's likely to have another upward impulse in the coming days.
Hang Seng - Key levels to watch for. Trading opportunitiesHang seng has been sold in line with Chinese equity markets and global equities markets due to trade tensions with US. As these start to subside, and market awakens to the fact that both countries look for win-win agreement equity markets should rally in the near term. Larger moves can be made if key technical levels are broken as highlighted in the chart.
Good trading to all.
HANG SEND short set upThe HANG SENG index sitting at it's final support. Now is the time it breaks upward or falls through and takes these shakey markets south.
HangSeng / D1 : Big nice "Crash Pattern" waiting for a signalHope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
HSI / W1-H1 : Highly Speculative Short scenario...Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
$HSI into fib cluster likely to retrace down $HSI into fib cluster likely to retrace down to 20dma where short term resistance line was breached. Short 33500-700 area
HSI Daily Update (30/1/18)Indices across the board are facing strong downwards movement.
HSI just break through the support zone, next support will be at 32000.
Reachable soon...
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HSI / 2008 vs 2018 : Feels like "Oops I did it again" !!!The comparison is easy, the debt level is even crazier than during the last credit bubble that bursted 10years ago.. Real economies just started to get over it but it seems like traders haven't learnt anything for the previous crisis !! As I always say... trading is about cycles and no matter how ofter I hear "This is different now..." or things like that... the thing is that cycles repeat through time.. credit bubbles or speculative bubbles have always burned the markets even though the economy was looking good and strong... Will we repeat the cycle again... I tend to say yes ! But it's too early.. Sure thing is that I'll have a close look at what could happen on the same fibonnacci extension than the one that triggered the previous krash ! Just in case ;)
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
HSI HangSENG at key fib levelsHSI HangSENG at key fib levels .. Beware of sharp profit taking or selloff
HSI Short Position CallingGiven the Hang Seng prices about to reach its high point, I call a short for this upcoming week. While there is potential for some long term gains, I believe an extremely short position is conservatively the best calling. That would maximize losses and still bring some profits just looking at the technical analysis of past charting patterns. Also it still looks extremely bearish given it is a strong buy. I would predict the best strategy would be a short over long holding for expected positive correlations. Overall though, it is extremely highly investible.
