HK33HKD - Long signal 30''50% for all predicting.
- Risk: 1%.
- Data backtest: Dafault from Tradingview.
- Good luck.
HK50 trade ideas
HK33HKD Shorting opportunity is here
Impulse intra-wave 3 (should be fast and furious??)
Prepare for the 3rd intra-wave down (of the bigger TF's 5th wave).
As expected, market has retraced (upwards) to our earlier analysis to Fib50 levels and missed FIB61.8 by some (for now).
Price gapped up in the opening of the Asian session and rose past FIB50 and has not exactly tested FIB61.8 yet. Let's monitor through the Other sessions to see if it does. Hope some people took up the 'dare to LONG' from the previous analysis (can be found in link below) and made some profit.
Currently in a 1/2 (of my total risk amount/percentage) Short position at FIB50 and would be risking another 1/2 Short position at FIB61.8 (if it happens).
No change in TP1 levels which is near March 2020 lows and resistances where it'll be in confluence with FIB161.8 ext. I'll be exiting some at the Blue line drawn in the chart at about 21400 level 1st.
*It is important to pay attention to market changes (fundamentals) as the days go by and manage your trades. We know that at times, the 5th (main) wave may fail (ie may not move past the highest/lowest level that wave 3 had created).
**Please refer to chart and link for the different levels (of prices) mentioned in the analysis. Thank you.
Hang Seng Index price chart analysisHang Seng Index closed Friday's session at 22961.47 -171.29 down 0.74%. The Index is still to recover from a steep drop in mid-May from 24200.00 due to the Hong kong crisis reaching lows of 22540.00 on the 25th of May. The Index close Friday's session around a critical price point at 22950.00, This is a crucial price point to watch in today's session, Prices could either break and hold to the upside or fall below and head down to 22750.00 and 22540.00
Hong Kong Hang Seng Short Entry 13:19:52 (UTC) Fri May 22, 2020Hong Kong Hang Seng Short Entry
13:19:52 (UTC) Fri May 22, 2020
back to 1997 levels double topMay seems crazy but it looks like HK is heading back to a time before it handed over.
HKG33HKG33 has been trading in a massive range between 24500 and 23500 since April, last week it failed to hold the lower range as support and broke the range to the downside with massive volume.
now it's back to the previous support zone which should act as resistant now. also atm its showing weakness at the resistance. it provides a good risk to reward and easy to manage trade to take.
Hang Seng : One Country - One System (log chart long term)Given recent newsflow I wanted to look into Hang Seng HK equities index - feels like that the zone just below 22,000 is critical long term - a break below would be extremely bearish. Together with the general reliance on what is a rigged real estate market I think it is one of the most fragile indices out there.
Shorting HSI nowsee chart
The political scene of HK has taken on a new level.
Protests will get more violent as anger, frustrations and this time, we could see China coming in more aggressive than before to contain this protest.
This does not bode well for the HK economy.............
indice HSI analysisHi friends
the graph of this index over a period of one day shows that there is a high probability that it will experience an uptrend
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Watch these lines of defenceThe 1325.60 points or 5.48% plunge for HSI last Friday was devastating.
Bulls are bleeding and Bears are laughing all the way to the bank..........
Next few weeks are going to be crucial and I think China has to "firewalk" carefully this time.
With Covid1-19 , it is facing a lot of pressures from many countries wanting an independent survey to be conducted on the source of Covid-19.
It's massive unemployment is another big headache that it has to take care of. Now, with this mess, Hong Kong is facing a lot of challenges.
Chart wise, we can see that it is nearing the next two levels of support. Once, it breaks down 22,400 (roughly), we are heading south , man. There will be no turning back.
If you have not short, please do not chase price as a 4 digit plunge is not ordinary and the market might retrace fiercely next week before it decides what to do next. Or , another gap down, who knows.....
Be cautious, this is not the time to play hero..
High probable reversalI took this reversal trade with 4 confirmations
1 : Price was moving sideways around this area of support
2 : RSI was below 30 indicating oversold
3: Price was rejected by lower bollinger bands
4:Hammer candlestick on weekly chart
HK33HKD Retrace Expected (A Long then Short plan if you dare) otherwise wait it out and follow the trend.
Seems like the 1st intra-wave of the bigger 5th wave down has rejected the previously drawn Support on our charts (temporarily). *Link to previous chart is attached.
Could it be the start of a retrace (ie wave 2)?
If it is, a good entry for a further short at 23,580 level area (in line with Fib50 and some resistance areas)
A further entry could be at the FIB61.8 area (blue and green lines) which lie stronger resistances including the POC levels.
Expecting the downward intra-wave 3 of the larger 5th wave to Hit our previous TP1 target as it now is in confluence with FIB ext 161.8.
** Of course this is only assuming that a retrace happens from here!!
Which is The Hang Seng 50 Going? (HSI) WAVE 5 Down!!!
Hang Seng China 50 Index is a pan-China stock market index to represent the top 50 China-based companies in the stock exchanges of Hong Kong, Shanghai and Shenzhen, which covers A share (shares circulated in mainland China), H share (shares circulated in Hong Kong from the mainland China incorporated company), Red Chip (shares circulated in Hong Kong from the companies incorporated outside mainland China with state-owned background) and P Chip (shares circulated in Hong Kong from the companies with private background)
HSI: GloomyToday I don't want to talk any technique analysis on HSI, I just would like to say something else——the Fundamental Situation.
What make HK one of the largest finance centers in the world?
Freedom and Rule of Law.
Because of this, it can be as a window for the mainland to the world.
If freedom and rule of law are eroded, all will gone.
Now the gloom is deepening in this land.
What will happen next?
Where should he go next?
How can he do next?
It is critical but difficult to reply.
Before the dawn comes, it will become darker.
With a heavy heart, I just offer my best wishes to this beautiful land.
May God bless the pearl!
Long live the Pearl of the Orient!
Hang Seng...Bears take control!Hello Traders,
Hang Seng gaped to the downside today, opened Friday`s session with a huge 524 point gap! The indication for a change of trend is true and probably a „breakaway-gap“ which occurs at the start of a move! The critical level to watch in the coming days is @ 24528.9, the high on May 21 (blue arrow)!
Indicator`s on a daily timeframe past their „zero-lines“ and moved into negative areas (daily).
It is not unusual that after such massive drops, markets react to the opposite side of the gap, meaning short term buyers should move to the trading floor and scalp a bit! But it is not required.
As long as the level of 24528 is valid, the focus is on the downside with much more bearish potential!
A move above the range of the wave „z“ high at 24855 on May 29 is necessary and makes a new validation necessary.
Have a great weekend....
ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
HANG SENG SHORT TRADE PLAN UPDATEFollowing my Hang Seng short trade plan that was posted on May 18th, currently we can see HSI slump -5.56% after NPC announced the impose of the "CCP" law. manage your trade properly.
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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.
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Thank you for your support!
HK33 - Short. Its time.The rollover is in motion. Possibly a last ditch fakeout coming, but will not change this. Started taking positions. The sink is coming soon.
