HSI to extend downside for Fibonacci targetSimple chart, simple Fibonacci, simple target to the downside for the Fibonacci target.
MACD is support of the downdraft.
Apparently Trump is going to have a release on US actions, and surely will be returned with China’s response.
Trigger for downside there...
Hangsengindex
Markdown or shakeout?
Markets are controlled by very few. They manipulate as they please. They own everything. banks, hedge funds, media, governments. They are the culprits behind social unrest, Wars, Pandemics. No new law is passed without their approval. They have mastered the art of deceiving the masses and they are looking to further enslave the common. Big changes are on the way for which they will create global chaos the likes never seen before by mankind. Many things will be blamed as reasons. Do what they may but a Supreme power watches. Tyrants days are numbered.
HSI - Poised for up to 86% growth in 2 to 4 yearsHSI completed a triangle that ended cycle wave 4. And after tracing primary wave 1 and 2 it is now tracing primary wave 3 up, the best wave to ride. Id this scenario holds prices should reach the most probable target of 45,800, 86% of current level, in 2 to 4 years. This scenario should be revised if prices crosses down 22,900. FOLLOW SKYLINEPRO TO GET UPDATES.
HANG SENG INDEX (HSI) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Hang Seng Index may be bearish in coming 6 monthsWhen checking the Hang Seng Index HSI monthly chart, you can see the HSI has finished the wave 1 to 5 and starts to go from wave A - C. HSI is now testing the strong resistance at aound 29,000 to 29,100. If this resistance cannot be breakthrough, it is likely that HSI will start to go in wave C. According to the Fib, the first target will be 22843 which is 0.5 level of Fib extension. If the bearish force won't stop at this point, it may test the 0.68 level, that means 20331.
Hang Seng Index (HSI): Bearish Continuation Coming
hey guys,
be prepared to short Hang Seng on bearish breakout of a flag formation.
the trend is bearish,
we saw a fake breakout to the upside recently,
fundamental sentiment is vague!
don't miss this opportunity.
initial target is 25100
then apply trailing stop and try to catch a big winner!
good luck!
please, support the idea with like and comment!
thank you!
Hang Seng Index Future Bull Signal
HKEX:HSI1! reverse this monday, whenever it filled the bull gap, should head further up.
investor should go in either A50 future, A50 etf HKEX:2823, HK index ETF HKEX:2800 , 2x ETF HKEX:7200...etc
I think we should see 30000 within 6 months, and 33000 within year 2020. This place is great for initial invest with stop loss of monday LOW:25880 (which is few hundred points only!)
The Most Scary & Important Chart You NEED to See Right Now $HSIThe mainstream media is blaming the mysterious virus in China for the pullback in the Hang Seng index, we as a technical analyst view it differently.
Bullish view - It should bounce at the moving averages (red box) and confirms the double bottom and break out.
HSI, are we going to 31600 ?Here is all patterns i can see with current HSI structure.
At 31600, there is a bearish gartley (78%).
At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD .
I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level.
HSI could rally up to 31600, falls down 27400 and bounces back to 31600 again and higher...
Update on Hang Seng Index Analysis on Weekly timeframeDuring last week, HSI has successfully broken 28,075 short term support level and dropped over 1,500 points to our target near 26,505. Currently, HSI is retesting the previous low at that level.
We are expecting the market to break the 26,505 structure level and if it does, we would be looking at a retest of structure in the lower timeframe for our entry. Potential target could be near the next low which is around 24,500.
Gordon @GoreStreetTrading
Previous Analyis
Hang Seng Index Analysis on Weekly timeframeHSI has retraced roughly 75% from the top 33,516 (January 2019) since the uptrend started on 28 December 2018. In April, we have seen HSI spike up to the 30,200 level where price was rejected. Recently, price has formed a short term support near 28,075 level since mid-June.
Price has now printed a higher low and a lower high which therefore is not clear where the market is heading in the long run. This means we need to see a breakout of either higher low or lower high to see a clear direction.
In the short run, we would expect the market to hold up near 28,075 level and try to push through the upper bound (downward trendline). If price could break and close above the most recent LH 30,220, the market may retest previous 31,500 resistance zone.
On the other hand, if we see price push and close below 28,075 short term support level, we would look for a short term retest on lower timeframe of 28,075 for a potential short position down to 26,700 (most recent low),.
The reason we have two possibilities is due to the current market conditions. We need to see a break out one way or the other to make a directional judgement.
Gordon @GoreStreetTrading