HSI1! 2022 MAR 28 Week
HSI1! 2022 MAR 28 Week
Continue to watch reaction at 22703.
Weakness expected, market may test 20241.
Do note that downtrend remains since trendline has yet to be broken
and higher low has not yet formed.
Weekly: Ultra High Volume very wide spread up bar rejecting lower prices,
followed by average vol down bar closing off low, level with previous bar
= some strength
Daily: Declining volume as price was marked up = weakness
H4: Topping off, temporary weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
Hangsengindexfutres
HSI1! 2022 MAR 14 Week
HSI1! 2022 MAR 14 Week
With the break of 21000, next level to test will be
18XXX region.
Weekly: High volume down bar closing at low = weakness
Daily: High volume down bar closing at low = weakness
H4: Low vol down bar closing at low =
weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 MAR 07 Week
HSI1! 2022 MAR 07 Week
Lat week market broke 22389 support and headeed
to 2000's high volume region. Should 21000
support be broken, it may see 18000 region
Weekly: Ave vol down bar closing at low = weakness
Daily: Ave vol down bar closing at low = weakness
H4: Average vol down bar closing off low =
some demand
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 28 Week
HSI1! 2022 FEB 28 Week
Short preference last week proved very fruitful.
The spring over the last daily bar shows rejection
of lower prices and demand overcoming supply (D/S).
Scenarios:
1) Long on dip opportunity in the 22389-23000 region
as temporary strength returns
2) Should Support 22389 fail, short opportunity on test
of break down area to next demand region
Weekly: High volume down bar closing off low = strength
Daily: Average volume down bar closing at high = strength
H4: Average volume shakeout bar closing at high = strength
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 21 Week
HSI1! 2022 FEB 21 Week
Again at 24140 support
if this is a formation of a new zone 25244 - 23304, would
exoect market to test 23304
As such preference will be to short on retracement, and
also at the failure of 24140 support.
Weekly: Average volume down bar closing at low
(also appearing like reversal bars) = weakness
Daily: Average volume down bar closing on low = weakness
H4: No result from bullish volume = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 14 Week
HSI1! 2022 FEB 14 Week
Market tested again previous supply area.
- No higher high was made
- No commitment as market nears recent high.
Temporary weakness expected for long opportunity
on retracement.
Weekly: Average volume up bar closing off high = weakness
Daily: Average volume down bar closing on low = weakness
H4: Temporary weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 07 Week
HSI1! 2022 FEB 07 Week
Temporary weakness expected as market is resisted at 24600.
Preference is to long on retracement.
Weekly: Very Low Volume up bar closing near high = weakness
Daily: Very low volume up bar closing near high = weakness
H4: Temporary weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 JAN 17 Week
HSI1! 2022 JAN 17 Week
Last week scenario 1 played out - HS exited trend line,
breakout was tested and now price is at a previous
supply zone. (24391 and HTF brown dashed trend line)
Possible scenarios are mapped out
1) Break of 24391 and resistance becomes support
2) Pullback below 24391 to test for supply before
continuing on the uptrend
3) Do note the possibility of a formation of a larger
rotation area 24391 - 22663,of which testing of the
bottom of the range will not be a surprise.
Daily: Average volume down bar closing off low =
demand is present. Next bar should close higher
in order for strength to continue.
H4: Weak closes may see price heading lower
temporarily, leading to scenario2.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Dec 20 Week
HSI1! 2021 Dec 20 Week
Trade remains guided by trendline.
Short preference still in place to short on
test of previous higher levels or at top of
channel line at lower TF
Weekly: Downtrend still. Weakness remains
Daily: Downtrend, current market has no desire for higher price.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Dec 06 WeekHKEX:HSI1!
HSI1! 2021 Dec 06 Week
Trade remains guided by trendline.
Market trading in a 500pt rotation, will it be accumulation or a pause?
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Low volume down bar closing on low = Supply weakening, BUT
not change in behavior yet.
Daily: Low volume down bar closing near off low = some support BUT
no change in trend yet
H4 = High volume down bar closing near low = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : ) HSI1!
HSI1! 2021 Nov 29 Week
HSI1! 2021 Nov 29 Week
This week's trade plan will still be guided by the trendline.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing a little off low = sone demand
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 22 Week
HSI1! 2021 Nov 22 Week
Market again tested 247XX. It was not ready to go up . Trade will be guided
by the trend line and will only long if market exits trend line and is supported.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing off low, some demand present.
Market came down on lower bearish volume, supply may be exhausted.
H4: Friday's market came down on relatively higher volume, but no result,
there is some support / bears are exhausted at the moment.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 15 WeekHSI1!
HSI1! 2021 Nov 15 Week
Market took out temporary support 24737 before making a
recovery. 24737 again provided a long opportunity. Market should
next be trying for 26000 which is the upper end of the rotation zone.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume up bar closing off low = weakness. Supply is present
Daily: Narrowing of spread, and up bar closing in middle = Undecisive.
Wait for next bar for demand/supply to surface.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 08 WeekHSI1!
HSI1! 2021 Nov 08 Week
Per analysis, market has come to test the rotation area (grey box) and
found 24737 as temporary support, could be a long opportunity
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume down bar closing on low = weakness
Daily: Exit of downtrend line on strong bullish volume.
Tested previous rotation zone, market may be presenting a long opportunity.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 01 WeekHSI1!
HSI1! 2021 Nov 01 Week
Market was resisted at 26227 and theme of the week was short. No sign of
strength yet. Probably may test previous rotation (grey area).
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: 2 bar Bearish reversal, Average volume down bar = Weakness
Daily & H: Market came down on reduced volume, bearish momentum may be waning.
But no confirmation of strength yet.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Oct 25 Week
HSI1!
HSI1! 2021 Oct 25 Week
Weakness as price approached previous resistances.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume wide spread up bar closing off high = weakness
Daily: Average volume down bar, previous bar saw price rejection,
shortening of thrust = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! HK33HKD 2021 Oct 11 WeekHSI1!
HSI1! HK33HKD 2021 Oct 11 Week
Weekly: Wide spread up bar closing at high, volume is low = no demand. Weakness TBC
Daily: High volume up bar closing on high = Strength.
H3: Narrow spread as price approached top of range. Could be trapping longs if
rotation is not over yet.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Oct 04 WeekHSI1!
HSI1! 2021 Oct 04 Week
Weekly: Average spread up bar closing near high, we see some strength returned.
Daily: Market temporarily resisted at 24620-24680. The narrow spreads on 01 Oct
due to start of the China holiday week.
H3: Higher lows observed. Bar A effort with little result = temporary weakness.
As price converges at the recent highs, wait for entry opportunity on signs of
strength.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels
Have a sane trading week for Hang Seng : )
HSI1! 2021 Sep 27 WeekHSI1!
HSI1! 2021 Sep 27 Week
Rejection at about 24587, the 50% of the Feb 2016 - Jan 2018 uptrend provided short opportunity, besides rejection at previous H3 UHV bar high 24718.
Weekly: Down bar closing off low, a little demand, but no signs of strength. Weakness expected to continue.
Daily: Weakness. The last 2nd and 3rd bar appeared as bearish reversal, last bar is down bar closing at low.
H3: The most recent UHV bar A, buying effort but spread was narrow and market fell informed us of weakness.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels
Have a sane trading week for Hang Seng : )
HSI1! 2021 Sep 20 Week
HSI1!
HSI1! 2021 Sep 20 Week
Weakness played out last week and market was supported at about 24587, this is the 50% of the Feb 2016 - Jan 2018 uptrend.
If there is a breakdown and this becomes resistance, market would see more down side.
The last up move from 20 Aug - 08 Sep took more days and volume than the one before it while we see more ease of downward
movement.
Weekly: Wide spread down bar closing off low net change from previous down bar is narrow = some demand
Daily: Up bar closing off high = weakness
H3: The last wide spread UHV up bar is SOW. Market exited down channel. Will its demand line become resistance or will price
attempt to re-enter the channel?
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels:
Have a sane trading week for Hang Seng : )
HSI1! 2021 Sep 13 WeekHSI1!
HSI1! 2021 Sep 13 Week
Last week's preference to keep to long last week was fruitful.
Weekly: Up bar close below 50% of bar = weakness
and a third off the high = weakness.
Daily: Price is attempting to test recent high in the red zone, nothing meaningful yet on
daily chart.
H3: Market moving up, but shortening of thrust. Effort no result = weakness
Long will be at the channel's demand line or when price is
marked down to test previous UHV wide spread bars.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels:
Have a sane trading week for Hang Seng : )
HSI1! 2021 Sep 06 Week
HSI1!
HSI1! 2021 Sep 06 Week
Last week's preference to keep to long last week was fruitful.
Weekly: Up bar broke previous week's high but close below its high
and a third off the high = weakness.
Daily: Upthrust + weakness in the background = weakness
H4: Upthrust and supply came in = Weakness has appeared. However
no follow through on the UHV down bar at the moment, with 25748 acting
as immediate support.
Opportunity for short should price return to test the high.
Long will be at the channel's demand line or when price is
marked down to test previous UHV wide spread bars.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels:
Have a sane trading week for Hang Seng : )
HSI1! 2021 Aug 30 Week
HSI1!
HSI1! 2021 Aug 30 Week
Last week's long preference worked well.
24306 was a previous high demand area, will buyers
come in to support should price reach there?
Daily: No Demand tiny spread, background = lower high.
Last 2nd and 3rd bar effort not result for the bears.
H4: 20 - 25 Aug we see the highest bullish volume emerged on
the background of this downtrend.
Also a spring in the 24780 - 26900 range.
Prefer to long on test of low.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels:
- 26900 - 26584
- 25955
- 25682
- 25330
- 24780
- 24306
Have a sane trading week for Hang Seng : )