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Hang Seng HSI

HSI (Hang Seng) - Market Crash Cycles | Indices | Macro Trends*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 bottoms and up until Nov 2010 tops - Super-Cycle wave (a) (purple) Nov 2010 tops and down until Feb 2016 lows - Super-Cycle wave (b) (purple) Feb 2016 lows and up until present times - Super-Cycle wave (c) (black) Super-Cycle wave (c) (black) Pattern - Ending Diagonal Sequence - 5-Wave Sequence, with Cycle Waves I II III IV V (black) decomposed as Primary A-B-C (blue) Current PositionCycle Wave III (black) Next expected swing Bearish sequence in Primary B (blue) Market Crash Forecast Support granted at or around the 28000.00 mark and then a bull run towards the 33000.00 levels, where the Grand Super-Cycle Wave b (red) is expected to complete. Grand Super-Cycle Wave c (red) would reflect the next Larger Degree Recession. Structure change Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
INDEX:HSI
by EW4X
Hong Kong Stock Index (The 28,800 region is very important)Updated View On Hong Kong Stock Index (7 May 2019) It has moved to the strong support of 28,870 (red dotted line), for now the leve (28870) shall act as decent support for now and we may have a bounce up. On the flip side, you better get into BEAR/SELL mode, only after it breaks the 28,870 again. My take/Summary: It shall retest 28,870 again at least as a retest. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". 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