HSI trade ideas
Short on overhead triple bounce rejectionShort FIB rally back into 50-80 zone
Reason for short:
1. Triple bounce at top of channel.
2. Break of swing low level at 23800
Hong Kong Stock Index (The Ghost Of the Past is Showing Up)View On Hong Kong Stock Index (21 APR 2020)
We are seeing weakness in HSI.
It can swing down to 23,000 region
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 foreign exchange 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.
Sonicr Mastery Team does 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.
HSI long term trendEvery 3-5 years or so, there is a short correction in the market and it ensures the market to grow sustainably. Although this is a complete different scenario compared to 2008's situation, the downslope pattern is quite similar. A downtrend is a downtrend.
I believe that the bottom has not yet came by looking into the downtrend timeframe. However, it likely won't take a long time until its recovery so the best thing to do at this moment is "wait and see".
HANG SENG Some big overlapping monthly support areas below. The areas are broad and require a lot of selling power to break down.
HANG SENG INDEX (HSI) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Hong Kong is facing 3rd wave Read latest news here !
Firstly, I was happy to hear that China has resumed operating again and workers are returning to their factories and offices as well. But, with the return, including going back to HK, it also creates the next wave of Covid 19 cases!
After the second wave , there could be a third wave from mainland China. This cycle could go on until we have an effective vaccine, or the collective immunity in the community reaches about 60 to 80 per cent
Yuen Kwok-yung, epidemiologist, University of Hong Kong
Let's see how the chart is doing. On the day chart, we can see it is now in a rising wedge pattern. As soon as it breaks down, we can see the price action revisits 22 Dec 16 low or even lower at 20695.
Be patient with this pattern as the price can still goes up a little more. Get ready for short, imo.
Please give me a thumbs up or follow me if you find my posts have helped you in your trading/investment. If you have any particular stocks, forex pair, commodities, etc that you want a second opinion (as some followers had pm me), please feel free to comment below or pm me.
Cheers
Hang Seng...The first waves of the next decline?Hello Traders,
Hang Seng has achieved into the cited price area of 24395, the 0.618 Fibonacci of wave (a).
Today's intraday high was @ 24603 and it is possible to count the move as a „five-up“. So the odds have increased that the countertrend that started on March 19 is complete.
In this case, the next significant move is to the downside. A break of the wave iv low @23897 would strengthen this idea. A drop below the area of 22756, the possible wave (b) low, would be the next good hint that the next wave down has started.
At the 30 minute chart, you will observe, that HS is declining to the lower boundary of the trend channel and a break below it, would be another good argument for the end of the advance.
On the other hand.
If HS will advance higher at the coming session, it would make a „five-up“ to „nine-up“ and it could advance to 25408, were waves (a)and (c) are equal.
I will update the count if more evidence to one or the other side occurs!
Have a great and safe week.....
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
HANG SENG SHORT TRADE IDEACurrently price traded back to the important 24600.0 level where if we look to the left it has been retested as well violated many times, will only look for a short trade if i can see a high test candle closed below 24600.0 level.
_________________________________________________________________________________________________________________________________________
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!
