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HSI1! trade ideas

Hang Seng...Wave 4 endet this week?Hello Traders, today I like to show you the Hang Seng Future (Current contract in front) to show you the wave structure. On a daily timeframe, we still observe, that the close on April 17, high @ 24689 (intraday) and @ 24356 (closing), Hang Seng possibly finished a wave „4“ of Minor degree (the degree is not that important, let`s check the structure). If this is the case, next week should be a down week, which will show the first waves of a wave „5“ to fresh new lows below the 20965 on March 19! This move should develop as a „five-down“! If so to come and wave „5“ will evolve internally as wave 1 did, the time target for this wave is the week of May 4. If it will develop in terms of price as wave 1 did, it would be a „truncated“ wave! Because after an extended wave 3, waves 1 and 5 tends to be equal in terms of price movements. And according to R. N. Elliott, there is only one wave to extend during an impulse. But this is to early to judge. So, within a „normal wave „5“ down, this move need to close below 20965 and it would extend to possibly the lower boundary (green) of the trend channel. A price target for this idea would not be serious at the moment, so I´d like to wait for more evidence of this idea. Another count could be a „flat-pattern“ in progress. In this case, the possible wave 1 would be a wave A, the wave 2 a B-wave and the decline underway a wave C. The only „problem“ I have with this count is the fact, that wave C is developing very long in terms of price and retrace more than a 1.618 Fib extension of wave A! In fact, in rare cases, it is allowed to do so, but this is a rarely seen extension. But still valid. So, I judge this idea with one of the lower probability of both I described here. I just wanted to show you my „thoughts“ about possibilities. While a wave 4 rule says, that it is not allowed to peak into the price territory of wave 1, this wave can move higher as to the 0.5 Fibonacci of wave 3. So the invalidation point for a wave 4 is at the peak low of wave 1 @ 25880! We will see what`s next for HS and I will update the count if price and time move forward next week. Have a great and safe week... ruebennase Feel free to ask or comment. Trading this analysis is at your own risk!
HKEX:HSI1!
by ruebennase
4
HSI back to 21650 level? We can see multiple rejections at 24560 region with series of LHLL market structure. If price fails to defend at 23000 area, we should expect the bear market to continue. TImeStamp: 16 April 2020 11:32AM 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 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. I do 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.
HKEX:HSI1!Short
by HX_Fund
1
Signs of Hope in HK again....I like what I am reading here The main message here is things are returning slowly back to normalcy. That is consumers are spending again, maybe not a lot but it will come eventually as things get better. And that is what businesses need. An exchange of goods and services. Please note that I do not know if this is a dead cat bounce or not or the bottom is here. That is why i have a short term target to exit and I have a tight SL as you can see from chart. Futures trading is risky as it is volatile especially HSI, one of the heaviest traded in Singapore, that I know of. So , make sure you have a strategy to trade, employ STOP LOSS, risk and capital management. DYODD
HKEX:HSI1!Long
by dchua1969
Did you listen to the experts ?This is what the experts say about the market ! I agree to average up in stages and byte size that you can handle. Only Mr Market knows if this is a false breakout and they won't tell you , right ? So, beside having a trailing stop loss to protect your capital, make sure you do not sink your entire kitchen into the market , assuming that it has recovered. I wish I had a crystal ball to confirm but I do not so I too will be buying in cautiously and optimistically. China released a really lousy sets of numbers , 35.7 for its manufacturing PMI , a 14.3% drop from last month. If logic prevails , bad data = bad stock market performance , then traders's job would be an easy one. The fact that there can be so many macroeconomic, political factors that drives the stock market , focusing too much can result in analysis paralysis. Chart does not argue, it present the facts as it is , in your face , whether you agree or not, accept or not. That is the truth , something that you have to face it when dealing with the market. Trend line gives me an unbiased view , not 100% accuracy but a higher probability of winning chance as compared to others I have used. And like I said, use whatever indicators or methods that you are comfortable with. Some are good in analysing news and profit from it while others excel in mapping decades of historical pattern. To each his own, most important is to be happy and make some money the way. Happy trading , guys !!!
HKEX:HSI1!Long
by dchua1969
Hang Seng futures - short term advance probably comes to an endFirst time ever to publish chart analysis with explanation to support my projection. Hello everyone, I am the believer of Elliot Wave Theory. The charts show both the Day chart and 4-Hour chart. 1. From the Day chart, since Jan 2018, HSI has been going ups and downs by ABC waves. It is still difficult to categorize whether the index is in bear market, but it definitely rebuke the claims that the index has returned to bull market. And the fact that, China is now under the severe impact of wuhan coronavirus. 2. From the 4H chart, we see a clear 5-wave impulsive wave starting from 14 Jan 2020 to 1 Feb 2020. The ratios of (1), (3) and (5) are justified. Since Feb 2020, we see a strong technical rebound (correction wave). Since the preceding wave (14 Jan - 1 Feb 2020) is a 5-wave movement, the technical rebound should not exceed 0.618 of the preceding wave. It's very likely that the market will start off another descending impulsive wave. Wait and see. Disclaimer: Elliot Wave Theory somehow helps justify the historical movements and assists you to decide when to long or short a market in a longer run of time. It can to a certain extent provide you the possible movements ahead but it's just for reference. You still need to make reference with other indicators and ratios. Happy trade.
HKEX:HSI1!Short
by hwong2209