HSI approaching support, potential bounce! HSI is approaching our first support at 25147 (76.4% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26176 (horizontal swing high resistance , 61.8% fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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Hang Seng HSI
HSI Bounced Off Support, Potential For A Further Rise!Hang Seng Index bounced off our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement , horizontal swing low support) where a further rise could occur above this level pushing price up to our major resistance at 26320 (100% fibonacci extension , 50% fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is bounced off its support and we might see a further rise in price above this level.
HSI Testing Support, Potential Bounce!Hang Seng Index is testing our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement , horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26320 (100% fibonacci extension , 50% fibonacci retracement , horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
HSI approaching support, potential bounce! HSI is approaching our first support at 25562 (78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI approaching support, potential bounce!Hang Seng Index is approaching our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26327 (100% fibonacci extension , 50% fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI approaching support, potential bounce! HSI is approaching our first support at 25562 (78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
HSI approaching support, potential bounce!Hang Seng Index is approaching our first support at 25562 (horizontal swing low support, 61.8% Fibonacci extension, 78.6%, 61.8% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3)is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI testing resistance, potential drop! Price is testing our first resistance at 26619 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 25562 78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance where we might see a corresonding drop at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 27336 (100% fibonacci extension, 78.6% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 25050 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Hang Seng reversalI'm gonna let this G20 bullish mania settle a bit and see how these indices react to these gap ups before making a move but this looks like a clear cut reversal head and shoulders coming off an island bottom. Looks bullish. Might miss some of the move if it keeps running from here but if it actually ends up being a valid reversal there will be plenty of profit getting in a bit late.
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 26619 (Horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 24316 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
HSI ShortsPrice is revisiting previous swing high levels. Although resistance is around 26400, price can definitely continue to increase further before coming down. Thus it is only logical to place your Stop Loss above the previous Swing Highs. The Stop Loss level of 26800 is part of my strategy. If you are following this trade, do not adjust the stop loss. Rather, adjust your lot sizing instead. This is one of the very few Low Risk, High Reward Trade. Personally I have increasing my risk for 1% to 5% (thus 5x the usual profits).
Trade with care everyone and have a good week ahead. If you find my trades and analysis helpful, please visit my Patreon to support me :)
$HSI The final is yet to come.There is a classic single zigzag and the final is yet to come.
Now there is a 4th wave in impulse C with a target of 27000. This goal is conditional since the 4th wave is an ascending triangle and into the final wave E, which has now begun, it can both penetrate level a-c and not reach it.
Next will be the final 5th wave, and most likely it will be truncated (since the peak of the first wave is 24390) with a target at 24500
$HSI Let's take a deeper look at the current situation.Based on Fibonacci levels, we see that the impulse is not yet complete. And the fall that is happening now - wave 4 of this impulse. Since the drop was very strong, wave 5 will most likely be truncated and stop in the range of 34000 - 35000. After that, a long-term correction will begin which should return the values to the bottom of 4 waves, That is, to the level 24400 - 24000
This analysis will not be true if HSI falls below 24364.
In the following analysis, we will try to understand the current correction to determine whether it has ended.
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HSI Long Term Analysis. Looks optimisticUnfortunately not enough data. Graph shows values from 1987.
We proceeded from the value of 100 points in 1964 as the beginning of the first wave.
Probability that the correction comes to an end, but the goal in 24093 should be achieved in any case.
If the index goes below this value - the next target is 21889 points. This is the most negative scenario. In this case there is an extremely high probability of forming a triangle and the correction will be very long.
Upon completion of the correction target 42757