Hang Seng HSI
Hong Kong Stock Index (Is it about to Go UP?)View On Hong Kong Stock Index (27 Oct 2019)
HSI was trying to form a HIGHER HIGH, HIGHER LOW formation (HH-HL) and it is about to do a break.
We will need a strong break out with strong vol to validify the move and it is likely yo happen.
If it advances, it shall reach 27,000 and 27,100 regions pretty fast.
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HSI approaching support, potential for a bounce!
HSI is expected to drop to 1st support at 26547.9 where it could potentially react off and up to 1st resistance at 27453.2.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
HSI to climb from upside confirmation, potential bounce!HSI to climb from upside confirmation, potential bounce!
HSI to climb from its upside confirmation at 26789.1 where it could potentially bounce further to 27330.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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...