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...
HSI1! 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...
there is an HSI idea with going long a few weeks ago.. I was wrong :) now it is a better chance to accumulate some long positions; as I marked on the chart, there are 3 ways to go; as you know, the lines/channels are there just for guidance
The correction that I expected earlier (see related) could be over already with shorter wave Y. The final confirmation trigger set at 29200. The target is 51300.
Very uncharacteristic of a mark down so far. Take profit, close half the position or move your SL to 24850 and let the market play itself out. If there is one more up move to go, it should be quick, ending with a buying climax.
Top did come albeit 2 days late, important or not, we will know in next few days. Ideally, i would like to hv seen more distribution between 25k-26k but as pointed out in previous posts, there was high volume selling in the last move up from 22400 so it was bound to run out of gas real soon. Pullbacks should be capped below 24500. Definitely dont want to see...
Fed midweek so gotta give it some room. Expect it to accelerate below 24k. For detailed thoughts on this short, kindly refer to previous posts. Regards
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...
We 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
I wrote a post regarding the US and China and the Thucydides trap, and if a cold war is in the works, watch for spheres of influence to be brought up and tested. The Chinese are adamant on Taiwan and Hong Kong being a part of China’s sphere of influence and the Americans should not be meddling with Chinese interests. Last year, the protests in Hong Kong were...
Not the textbook example of a head and shoulders pattern on the Hang Seng, but nonetheless showing us a transition from higher lows (uptrend) to now lower highs (downtrend). I wouldn't really want to trade equities given world equity markets are remaining poised for the Federal Reserve rate decision...but I do like the break, and if we can confirm the retest here...
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. HSI has been labeled within a Sub-Millennium degree wave 4 (blue), which has been unfolding ever since the 2007-2008 Recession. Structure - Expanding Flat Formation Oct 2007 peaks and down until Oct 2008 bottoms - Grand Super-Cycle wave a (red) Oct 2008...
$HSI is stuck within 29900 - 29500 area. the range become smaller and we have shifted down balance after the high of Apr'19 . Today, HSI bounced at 29600, this was showing that market still "hopping" for long term bullish. But I don't see any market conviction yet on the up side. 29900 still the bracket for couple of days. we are in distribution pattern, but...
Looks like we choose the wrong market to get involved in. "The sharper the move up the slower the downfall". Might be some truth to that... Sure, "simple people" got extra excited and a huge adrenaline rush 1 year ago, but after 1 year, the chemicals left their bodies? Are these "simple people like you and me that drive a tractor" so "simple and down to earth"...
Going to play this long. TP 1 is 27000 then pullback and to the top of this channel around 27600. If it breaks up it can go up to 29000. Stop under the lower low. Daily View. Repeat the last move, if break up look for resistance at 29400. Good RR
HSI have been ranging from 29000 and 27800 for while. This make range play possible from buying at the bottom of the range or shorting at the top. On a weekly time frame, the trend is on the downside thus it might make more sense to short at the top range then to buy at the bottom. The decision to long is purely personal preference. If you are uncomfortable with...