Get started

Hangsengindex

HSI - to bounce or to break?The Hang Seng Index had a boosting rally a couple of weeks ago, but lost its hold at the top of the channel and had been working its way down slowly since. Unlike the STI, the HSI appears relatively stronger given the environment and situations it has been in, particularly over the past year and a half. It is a t the lower end of the channel, and candlesticks indicate a slight push down to test the support, followed by a bounce, and a likely fail about two or three weeks later... the downside fallout could come earlier, but there is little now to trigger it, albeit a surging COVID-19 cases in the territory. Ominous weeks to follow, watch for bounce or failure.
HKEX:HSI1!
by Auguraltrader
Post Fed. HSI Super BearishRallied briefly but as anticipated it was short lived and sold off from first resistance. We now have an inside day fake out on dailies and are very close to the key levels 24300-500. Acceleration gap through there will signal the start of mark down. With the amount of distribution, 20k should be minimum but its not just the last 3 months. It has been going on since late 2017(refer to my 23 May post, linked below). If you are short, hold onto this one. It can be very big.
HKEX:HSI1!Short
by Dec0der
Elliott Wave View: Hang Seng Index Correction In ProgressHang Seng 15 minutes chart below shows that the index has extended lower from July 7 peak. The decline is unfolding as a double three Elliott Wave Structure. From July 7 high, wave W ended at 25570.36 low. The bounce in wave X ended at 26103.84 high. The pair then extended lower in wave Y, which ended at 24766.17 low. This completed wave (W) in larger degree. The decline reached the blue box area, which is the 100 – 123.6% extension of wave W-X. From that blue box, the Index did a 3 waves bounce in wave (X), which ended at 25772.41 high. The bounce unfolded as zig-zag Elliott Wave Structure. Afterwards, the Index continued its decline and broke below previous wave (W) low. This confirms that the next leg lower in wave (Y) is already in progress. Down from wave (X) high, the index extended lower in wave A and ended at 24526.91 low. Wave A low ended at 61.8-76.4% extension of wave (W)-(X). From there, the index is currently doing a bounce in wave B. While below 25772.41 high, the bounce in 3,7 or 11 swings is expected to fail. The index then can do another leg lower in wave C before ending wave (Y) in the larger degree. The 100-161.8% extension of (W)-(X) where (Y) can end is between 22486-23743 area.
HSI:HSI
by Elliottwave-Forecast
Coming Down NicelyAfter the Buying Climax on 7th of July, brief distribution was carried out between 25950-26250. Today saw a gap down and a selloff to first of the 4 unfilled gaps below which is acting as a support for time being. Key resistance above now is 25850-950. Move down so far appears to be in a channel formation. Major chunk of distribution took place between 24500-300 since the low in March. Gap through that will signal the start of a markdown and accelerated move towards 20k and below. Regards
HKEX:HSI1!Short
by Dec0der
4
Buying Climax and a Top? Zigzagged with huge volume(see above) at the open, took out the stops above the very important level marked in Yesterday's post and has since been on the decline. We will know for sure in next few sessions but there is a good chance that Today marks the start of a significant decline which will take HSI to 20k and below if my analysis of distribution near the 24k level are correct. First significant support is the gap at 25250-500. It can get real ugly in no time so trade carefully.
HKEX:HSI1!Short
by Dec0der
Update: SELL SELL SELL!!! More on the post earlier Today. HSI now has rallied beyond the point which i have marked for few weeks as the potential turning point. We may see brief distribution between 25950-26250 for couple of sessions and then move lower. I am to remain short until it breaks above 26800. I am of a view that the rally so far this month after the passing of controversial security law is to trap the investors who were on the sidelines waiting to see how the market perceives the new law. There is 10 weeks of distribution near 24k. If it reverses, 20k may come in no time.
HKEX:HSI1!Short
by Dec0der
2
Low Volume Consolidation and a break up.As updated on 16th, selloff last week from 25255 seemed uncharacteristic of a markdown. Gaps were quickly being filled and volume in the morning hour on 3 days following the top showed minimum enthusiasm from either side. Too early to call but low volume consolidation may mean a developing triangle. I am seeing something along the lines drawn at the chart. Keep an eye on S&P. It may coincide with S&P filling the gap from Feb or making new ATH. If wrong, selloff should start in next couple of days. If so, refer to post "HSI Update" on Jun 13th for the anticipated path. Regards
HKEX:HSI1!
by Dec0der
Important TOP just ahead. Didn't get the pullback before run for new highs as anticipated in the last analysis but on the flip side it means very little left to distribute. A pullback would have meant more to distribute above but now it looks like a quick up and back down. We have 7 weeks of distribution mainly between 23750 - 24250(See previous posts) Without volume, the last few days may seem like a start of a strong uptrend but zoom in and it appears very much like a SL hunt. Trends can't start without first accumulation/distribution and i see very little accumulation below for it to keep going for long. Initial plan was to go short at 25300-500 but not sure if we will get there so i will look for reversal signs as soon as it gets above 24800. Target 20500 - 20000. Some news will follow real soon as always but markets only move when those who control them are ready to move.
HKEX:HSI1!Short
by Dec0der
Hong Kong Stock Index (The Late Sellers are trapped now)View On Hong Kong Stock Index (16 MAY 2020) It has hit our expected TP level yesterday. If a trader rushed into HSI shorted over the bad situation gets trapped now. This is how the market works. I will be waiting for another entry, possibly short at a higher level. Possibly near 24,250 regions. 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
Interesting Monday ahead All set for a very interesting Monday's opening. Channel support held on for whole week while the sellers kept up the pressure and are now just above the accumulation zone. Gap up will trap the sellers and may not fill in near term with price quickly marching towards 25k. Gap down will open the door towards first the gap at 21882 and then towards march low at 20968. If Monday opens near the current prices then watch out for trap(First move usually being a trap) Volume was high whenever price came back in the accumulation zone which is often the case prior to a significant move. Short term = Neutral, Medium Term = Bullish, Long Term = Bearish.
HKEX:HSI1!
by Dec0der