HSI1! 2021 Feb 01 Week HKEX:HSI1! HSI1! 2021 Feb 01 Week (Intraday) "58" in cantonese means "no prosperity". Coincidentally market went down from there lol Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold? Intermediate price levels = 27806 & 27548 Support 27108 - 17176 Remember to Like and Follow if you find this useful! Have a safe and profitable trading week aheadby paradox677Published 1
HSI1! 2021 Jan Week HKEX:HSI1! HSI1! 2021 Jan 25 Week Red Greed zones = preferred entry levels Grey box = price rotation If we look at the daily/weekly chart, the high is nearing 30336, previous resistance. Immediate price watch 29488, 29672 Resistant3 = 30336 (Previous high, supply area) Resistant2 = 30098 - 30143 Resistant1 = 29857 - 29905 Support1 = 29323 - 29362 Support2 = 28970 - 29000 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this useful. Have a safe and successful trading week ahead. by paradox677Published 111
HSI - A breather for 'Longsters' a reprieve for 'Shortist' ?If today's Daily candle can close bearish ( strongly ), We may well see a retracement to 28550 at Fib38.2. The past 4 weeks have seen frenzied buying and many have hopped onto the momentous band-wagon. Quite a good time to buy back some of the liquidity at lower levels(best if prices drop fast and weak holders cut losses). So, if the market is not so bullish at that point (Fib38.2), we may see it move further to 28050 at Fib50 and momentum to 27560 at Fib61.8 (have to see how fast the market falls 1st). *Do not get me wrong, I'm still bullish overall but I do see trading opportunities in Shorting. Be cautious and set your SL as you are canoeing against the current, the moment you stop paddling, the strong currents will bring you quickly back to square-one. Conversely, wait to buy-in at the fib levels and follow the current. It's all about the type of trader you are! Good Luck!Shortby HungrypippoUpdated 1
Buying ClimaxBuying Climax underway in HSI. Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come. by Dec0derUpdated 19197
HSIF the last dancethe head of 7 July shown in pitchfork 1.75 level, maybe is a hint for the head now breakout or not, the line will tell the direction for next few months she's going to hit Gann's level 5 as well tayor!by GaosinUpdated 1
HSI1! 2021 Jan 18 Week HKEX:HSI1! HSI1! 2021 Jan 18 Week Red Greed zones = preferred entry levels Grey box = price rotation Price rejection observed at 28675 - 28620 Price rotation observed (grey box) For a long trade the bottom of Bar A should not be broken. Intermediate support = 28313 - 28371 Resistant2 = 28970 - 29000 Resistant1 = 28620 - 28675 Support1 = 28168 - 28198 Support2 = 27757 - 27806 Support3 = 27402 - 27461 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this helpful :) HKEX:HSI1!by paradox677Updated 551
Important week and a very important Monday.Is it about to reverse or go bazooka? Trend is up and there hasn't been convincing distribution in approach to the current levels. Only things favouring a selloff from here is low volume and the red trendline. Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one. What do you think?by Dec0derUpdated 32327
HS1! 2021 Jan 11 Week HS1! HSI1! 2021 Jan 11 Week Red/Green zones are preferred entry area. Intermediate 27753 resistance was broken through and has now become intermediate support. Though B sees a rejection, the volume isnt' as high as I'd like to see. The bar after it is a down bar on low volume. Notice also the price rotation zone marked out by the grey box. Let's see if market is buidling up for higher prices or if this is topping over. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27958 - 28012 Intermediate support = 27780 - 27806 Support1 = 27645 - 27690 Support2 = 27400 - 27461 Support3 = 26854 - 26947by paradox677Published 1
HSI1! 2021 Jan 06 Midweek Update HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 - 28012 Intermediate resistant = 27753 (price rejection from 2020 Feb 10) Support1 = 27325 - 27400 Support2 = 26854 - 26947 Click like or follow if you find this useful.by paradox677Published 221
HSI1! 2021 Jan 04 WeekHS1! Immediate resistance = 27324 - 27400 Immediate support = 26854 - 26947 A = Pushed through an old top 27077 on high volume B = Weakness is seen from the selling and closing near the low Watch Monday's close for indication from big boys. Trade management TP can be 30% / 50% of range or between the range.by paradox677Published 0
HSIF climaxA50 turned weak, but HSI not finish the job yet, the top should be around 27450 within this month, only then the south train startby GaosinUpdated 0
HSI likely to break 26k this week S&P is about to tank and it correlates with hsf. Another observation is that there is heavy short of put option at 26000/26200 this month. It is likely it would tank below 26000 next week and go back to above 26200 by end of Dec. Guess it will pump in the day and tank with S&P at night. Pumping on Monday morning provides good chance to short. @lonelygeniusby ffazUpdated 10105
HS1! 2020 Dec 14 Week HKEX:HSI1! HS1! 2020 Dec 14 Week Price remained in a range for the past week Not much change to S/R zones Being in the year end holiday mood, take it easy on trading or take a break Scenario - Short Short from Resistant 1 Short from Immediate Resistant Target 1 = 50% of range to Support1 Target 2 = Support1 Extended target = Support2 Support 2 = critical support Scenario - Long Long at support zone Target 1 = 50% of range Target 2 = Next zoneby paradox677Published 1
Accumulation and Timing the Trades.For second week in a row, we sold on Thursday anticipating a selloff on Friday but both times it happened on Monday. We sold in good areas but timing was off by a day. I am not comfortable holding a trade over the weekend unless well in profit. It can be argued that trades should be given enough room and time. Valid point but Gaps are a common theme in HSI futures and i have seen gaps of up to 1000 points. I always insist on timing the trades because i personally like to time the quickest moves in the market and then spend majority of the time on the sidelines. Staying on the sidelines help me stay unbiased. For market makers to accumulate, we retail traders have to sell. In order for us to sell, market has to look weak, indicators have to give sell signals, wave counts have to suggest 3rd of 3rd of 3rd. Up moves have to look laboured while the sharp moves are swift and so on. by Dec0derUpdated 64648
HS1! 2020 Dec 07 WeekHS1! Scenario - Short Short from Resistant 1 Target 1 = 50% of range Target 2 = 26680 Extended target = Support 1 Support 2 = critical support Scenario - Long Would prefer to long at support zone Target 1 = 50% of rangeby paradox677Updated 332
Hang SengLooks to me like the Chinese were responsible for the EOD pump, HSI and KOSPI are both up .6%. HSI has a long way to go until it hits 2018 peak, so don't be surprised if you see more random pumps like we had Tuesday. Also note that they love NQ, which is green right now while ES, RTY, and YM are all red. Asians love to pump tech.by hungry_hippoPublished 112
Selloff ImminentExpecting HSI to top at 27100-250 area and make its way down within next few days. 26750-800 is the key support. Distribution as of now does not support a broader selloff. If you are new, i update regularly throughout the week within this post as the action unfolds.Shortby Dec0derUpdated 535311
HS1! 2020 Nov 30 Week PlanningHS1! Bar 1 Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar. The breakout is not convincing Bar 2 Another breakout attempt, but made a lower high than bar 1. There is some demand as price close slightly above middle of the bar. Reason for caution is that although the top of the resistance at 26876 is beginning to act like support, we are still in the supply area of Bar 1. And the diminishing volume on the breakout attempts tell us that bullish strength is not really present. Scenario planning: 1) 26876 resistance turned support and strong buy volume comes in. Will it attempt to close the gap from February 2020? 2) Mark up on low volume continues before price reversal 3) Price reversals back into resistance zone, and subsequently goes lower back into the rotation range Trade with care for 30 Nov week. by paradox677Published 4