HSI potential reversal! HSI expected to rise up to 1st resistance at 27988.3 where it could potentially react off and drop down to 1st support at 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState9
HSI approaching resistance, look out for potential reversal! HSI is approaching its resistance at 27988.3 where it could reverse down to its support at 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState6
Con’t HSI 4 hours. Waiting the price go to 28000 to see what happen. Short opportunity If break the uptrend green-line.by alecho26113
Hsi going to key resistance again?27900-28000 is weekly key resistance for HSI. WAIT THE SIGNAL. If break, next stop 28900.by alecho26113
Hang Seng...That`s progress!Hello Traders, Hang Seng gapped higher as of the past two sessions. It runs above the upper boundary of the trend channel and above the level of 27227, what I mean is important. The structure of the advance with the gap`s in, make the odds high, that an impulsive move is underway with the next target range at 27894-27900 and if this will be achieved the upper boundary is next target area. Depending on if and when it will be achieved, a possible range for this is at or around the 28400 area. In the short term hand, I have a possible count for the next hours to come. Note both gap`s which can be interpreted as a „break-away-gap“ and n „acceleration-gap“! The latter one occurs mostly in the middle of an advance so a measured target range is at 27689.90 area. More bullish potential exists (read the text above on a daily timeframe). Once this advance has come to an end, a „three-down“ will be next. As a special formation within a wave „4“ of any degree, we can look for a „triangle“-formation, that occurs only at a wave „4“, „x“! So if any new chart pattern develops or the end of the advance is clear to observe, I will update the chart. Have a great weekend.... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk!by ruebennase5
HSI approaching resistance, look out for potential reversal! HSI is approaching its resistance at 27206.0 where it is could reverse down to its support at 26033.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState4
Hang Seng...Not much progress!Hello Traders, Hang Seng trading sideways with little advancing prices from 24899.90 on August 15 to 27900 on November 7! the decline since is a „three-down“ and has found support at the lower boundary of the trend channel, blue. The candle-stick pattern shows a „gap-up“, what may be interpreted as „break-away-gap! The days after the first gap have been followed by one more gap and today's session creates a „Doji“! So, the level to watch in the coming hours and days is at 25995 (low) respectively the level of 26062 (closing price). A break of this area opens the door to lower price still. Note, that there remains an open gap by the trading as of October 10- 11 from 25707-25986! Overall to observe is the „overlapping“ structure of the wave`s from the low at 24899 -27900 what indicates possibly a wave „b“ or „x“ on the run. On the other hand. Any move above today`s closing price at 26494.70, which represents the 0.382 Fibonacci from 27227-26006 opens the door to 26705, the opening price on November 29, above their remains once again an open gap to 26763that might be filled! Only trading above 27227 will clear the view for higher prices still. Have a great week... ruebennase Feel free to ask or comment. Trading this analyze is at your own risk! by ruebennase6
HANG SENG LONG TRADEBullish structure very clear with the recent bounce indicate buyers are ready to step in, look for a breakout from the CTL wit a retest of the support and resistance zone to confirm the long trade. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support! LamchiuFXLongby LCFXpro72
Expecting a strong rebound on HSI + Out-performance vs US mktI expect a strong rebound of the HSI on its current support level to complete its rectangle formation. In fact, signs of reversal are showing up, with a morning start 3-candle pattern formed on the 5th Dec. 2019. Due to cheaper valuation and extreme sell-off of HK market due to recent protests and US passed bill, as well as increasingly positive sentiment by institutional and retail investors, I expected an out performance of HK market by the half of 2020. In fact, HSI is trading nearly flat YTD at very low levels of PE and volatility (VHSI). As a result I expect a breakout of the resistance level after HSI rebound. Therefore, the index could face some turbulence while conducting it's resistance breakout, which, in my opinion, won't stop it from reaching the 30K levels. Longby Hktradingma6
HSI bounced from support, potential for a further rise! HSI bounced off 26062.6 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState7
HSI bounced from support, potential for a further rise! HSI bounced off 26102.6 where it could potentially rise further to 27988.3. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState9