HANG SENG Patience until December for a long term buy.Hang Seng (HSI1!) made a massive bullish break-out in September as it broke above the February 2021 Lower Highs trend-line, effectively ending its Bear Cycle. This month (October) saw it getting rejected not just on the 1M MA200 (orange trend-line) but also on its 0.618 Fibonacci retracement level.
This is a key rejection as in almost 30 years, every time the price got rejected on the 0.618 Fib, it recovered on the 3rd (1M) candle after. As a result, December will give a buy signal based on this historic price action, so have patience and take a multi-month buy then.
In most of those cases, the index rebounded to the previous High, so our Target will be 30975. Notice also that the 1M MACD is rising off a Bullish Cross. When formed below the 0.0 mark, this has also been a massive buy signal.
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Hangsengsignals
HANG SENG Strong sell opportunity on recurring fractal.Hang Seng (HSI1!) closed below the 1D MA200 (orange trend-line) yesterday for the first time in a month and confirmed the rejection of August 30. That was a Lower High within the established Channel Down pattern that started on the May 20 High.
This Channel Down is so far following a similar structure with the one that covered the entirety of 2023. The August 30 rejection was in fact also done on the 0.5 Fibonacci retracement level after a -17.30% decline.
If this sequence of events continue to follow the April 17 2023 rejection, we should be expecting the new Lower Low to be formed on the -0.236 Fibonacci extension. Our Target is exactly on that level at 15700.
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HANG SENG Sell Signal on the 1D MA200.Hang Seng (HSI1!) has been trading within a Channel Down pattern and since the start of this week, it's sideways around the 1D MA200 (orange trend-line). As long as the 1D MA50 (blue trend-line) remains intact, we continue to be bearish within this pattern, targeting 16000 next (Support 1), expecting this to be the start of the new Bearish Leg.
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HANG SENG Strong buy opportunity on the 1D MA50.Hang Seng (HSI1!) has been consolidating on the 1D MA50 (blue trend-line) for 4 straight days. Technically it is an attempt to form a bottom, which includes also the 0.5 Fibonacci retracement level, measured from the April 19 Higher Low.
The last time a trend both the 1D MA50 and 0.5 Fib was on December 28 2023 and 2 days later. As you can see that was a downtrend of 2 phases and after the 0.5 Fib/ 1D MA50 test, the price got rejected, starting the 2nd phase that extended up until the 1.5 Fibonacci extension, where the market bottomed.
As a result, it is highly likely to see a symmetrical mirror pattern. This time the 1.5 Fib ext is at 21600 and that is our medium-term Target.
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Hang Seng _ Wedge Pattern forming, Target 1_(20694), T2_(29000)Long Term Analysis : "Wedge Pattern" forming in "Hang Seng" and down trendline is "Breakout". So market move to Bullish Trend, wait for if Retest or Trend Continuation. And the 1st Target is 0.5 Fibonacci Retracement price (20694), 2nd Target is Wedge Pattern Top is 29000.
After Reach the Wedge Pattern Top (29000) expect Breakout the Pattern.
I want to help people to Make Profit all over the "World".
HANG SENG This pull-back is the final buy opportunity.Hang Seng (HSI1!) has started a technical pull-back after getting rejected at the top (Higher Highs trend-line) of the Bullish Megaphone. The minimum correction within this 4-month pattern has been -5.29%, so we are looking to buy after such a dip, potential 1D MA50 (blue trend-line) test and target the 2.0 Fibonacci extension (19700). This is the standard target on Inverse Head and Shoulders patterns.
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HANG SENG Bearish for the next 2 months.Hang Seng (HSI1!) is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The dominant pattern is a Channel Down and as long as the 1D MA200 holds as a Resistance, we will continue selling every Lower High.
The structure of the pattern is similar to the 2021/22 Channel Down. Once the 1D MA50 breaks again, we will have a confirmed sell signal, targeting the bottom of the Channel Down at 14500.
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HANG SENG Buy opportunity.Hang Seng (HSI1!) has been trading within a Channel Down throughout the whole year. As the rice hit its bottom (Lower Lows trend-line) on December 11 and the 1D MACD formed a Bullish Cross, we expect the new Bullish Leg towards the 1D MA200 (orange trend trend-line) and the to (Lower Highs trend-line) of the Channel Down.
The average rise within this pattern has been around 11% and based on that, we are targeting 17700.
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HSI1! 2021 Jan Week
HKEX:HSI1!
HSI1! 2021 Jan 25 Week
Red Greed zones = preferred entry levels
Grey box = price rotation
If we look at the daily/weekly chart, the high is nearing 30336, previous resistance.
Immediate price watch 29488, 29672
Resistant3 = 30336 (Previous high, supply area)
Resistant2 = 30098 - 30143
Resistant1 = 29857 - 29905
Support1 = 29323 - 29362
Support2 = 28970 - 29000
Trade Management
Profit target can be 30% / 50% / till next zone
Remember to Like and Follow if you find this useful.
Have a safe and successful trading week ahead.
Strong Head WindsWe did gap up and didn't fill, trapping the late sellers but high volume selling in this up move. Unlikely that accumulation below was enough to carry it to new HIGHS in one go.
It can come crashing down at any moment but if it can get to 25300-500, that will be a very good short opportunity.
Regards
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.