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Hangsengindextrade

HSI1! 2021 Oct 25 Week HSI1! HSI1! 2021 Oct 25 Week Weakness as price approached previous resistances. If long, wait for price to come down on low volume and find support. If market rotates, stay out If market breaks resistance and turns support = long If market breaks resistance and closes below resistance, and resisted, will short Weekly: Average volume wide spread up bar closing off high = weakness Daily: Average volume down bar, previous bar saw price rejection, shortening of thrust = weakness Entry will be based off the price reaction to these levels Short on Test and Reject) | Long on Test and Accept Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 2021 Oct 04 WeekHSI1! HSI1! 2021 Oct 04 Week Weekly: Average spread up bar closing near high, we see some strength returned. Daily: Market temporarily resisted at 24620-24680. The narrow spreads on 01 Oct due to start of the China holiday week. H3: Higher lows observed. Bar A effort with little result = temporary weakness. As price converges at the recent highs, wait for entry opportunity on signs of strength. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 2021 Sep 27 WeekHSI1! HSI1! 2021 Sep 27 Week Rejection at about 24587, the 50% of the Feb 2016 - Jan 2018 uptrend provided short opportunity, besides rejection at previous H3 UHV bar high 24718. Weekly: Down bar closing off low, a little demand, but no signs of strength. Weakness expected to continue. Daily: Weakness. The last 2nd and 3rd bar appeared as bearish reversal, last bar is down bar closing at low. H3: The most recent UHV bar A, buying effort but spread was narrow and market fell informed us of weakness. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 2021 Sep 20 Week HSI1! HSI1! 2021 Sep 20 Week Weakness played out last week and market was supported at about 24587, this is the 50% of the Feb 2016 - Jan 2018 uptrend. If there is a breakdown and this becomes resistance, market would see more down side. The last up move from 20 Aug - 08 Sep took more days and volume than the one before it while we see more ease of downward movement. Weekly: Wide spread down bar closing off low net change from previous down bar is narrow = some demand Daily: Up bar closing off high = weakness H3: The last wide spread UHV up bar is SOW. Market exited down channel. Will its demand line become resistance or will price attempt to re-enter the channel? Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 2021 Sep 13 WeekHSI1! HSI1! 2021 Sep 13 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar close below 50% of bar = weakness and a third off the high = weakness. Daily: Price is attempting to test recent high in the red zone, nothing meaningful yet on daily chart. H3: Market moving up, but shortening of thrust. Effort no result = weakness Long will be at the channel's demand line or when price is marked down to test previous UHV wide spread bars. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 2021 Sep 06 Week HSI1! HSI1! 2021 Sep 06 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar broke previous week's high but close below its high and a third off the high = weakness. Daily: Upthrust + weakness in the background = weakness H4: Upthrust and supply came in = Weakness has appeared. However no follow through on the UHV down bar at the moment, with 25748 acting as immediate support. Opportunity for short should price return to test the high. Long will be at the channel's demand line or when price is marked down to test previous UHV wide spread bars. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
1
HSI1! 2021 Aug 30 Week HSI1! HSI1! 2021 Aug 30 Week Last week's long preference worked well. 24306 was a previous high demand area, will buyers come in to support should price reach there? Daily: No Demand tiny spread, background = lower high. Last 2nd and 3rd bar effort not result for the bears. H4: 20 - 25 Aug we see the highest bullish volume emerged on the background of this downtrend. Also a spring in the 24780 - 26900 range. Prefer to long on test of low. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: - 26900 - 26584 - 25955 - 25682 - 25330 - 24780 - 24306 Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
Buyers to move. Is the triangle almost complete?For the flows here, buyers are clearly in control and have been over multiple decades - although since 2016 we have been inside a compression range which looks set to blow later in 2022. Strong support comes into play at 23,500 which should be enough to cap the outflows before continuation in a bull market towards a measure 40,000 breakout target. ↳ To the downside sellers are itching to test 23,500 and it looks within reach. It is dangerous to step in till we complete the moves, because the eye of the law is on it. ↳ After 23,500 comes the slingshot attempt towards 40,000, which will likely be a Q222 story, as will also reinstate the secular bull market and allow gains in confidence to play an important part in capital migration from West to East. ↳ To sum up, there is the following zig zag in play; 25,000 (current levels) -> 23,500 (strong support) -> 40,000 (strong resistance) Of course on the fundamental side, the rocking of the cradle from the nanny state continues and we are entering into the final chapters of the handover. Naturally when choosing a map in equities you should take into account its elasticity with the currency and the threats it can deliver, highly recommend tracking the Chinese Yuan over the coming weeks and months for any signs of distress as we enter into strong support levels.
HKEX:HSI1!Long
by ridethepig
3
HSI1! 2021 Aug 16 WeekHSI1! HSI1! 2021 Aug 16 Week Gentle ascend, intermediate trend channel established. High probability short trade from the upthrust. Tested Historic UHV High from 27 Jul Weekly: Up bar close above middle (some strength, but supply still present) Daily: Strength coming in H4: Supply still present and Lower High Strategy for Short (Test and Reject): - 26900 - 26584 Strategy for Long (Test and Support): - 25815 - 25560 - 24743 - 24930 - 26340 (ultimate confirmation if there is acceptance at this price followed by strong bullish volume) Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
2021 Aug 02 Week OANDA:HK33HKD 2021 Aug 02 Week Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar. Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision. Price bounced off Monthly channel demand line. Daily: Shakeout + Reversal = Strength. Market was resisted at 26340 temporarily. Given the UHV, there should still be supply to clear. H4: Bar A UHV ultra wide spread bar closing off low = strength. Automatic reversal after climatic Bar A has reasonably good bullish volume. Test of the lower region of bar A is to be expected. Bar B test of low has off the low and level with bar A, some demand is present. Strategy: (1) Red/Green zones = preferred entry (2) Dotted Red/Green is to indicate late entry, but risk will be higher since SL is further away Remember to follow and like if you find this useful. Have a profitable week ahead.
OANDA:HK33HKD
by paradox677
HSI1! 10 May 2021 Week (Intraday) HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand line of a previous channel (grey) acted as a resistance with the highs tracing that line. Will market attempt to return to previous channel? Scenario: If 28663 is accepted, price may attempt 29820. Else we may again see green zone as price target. Have a good trading week ahead.
HKEX:HSI1!
by paradox677
HSI1! 2021 Apr 19 Week (Intraday) HSI1! 2021 Apr 19 Week (Intraday) Noticed that price weren't able to make its way past the midpoint of the channel. Is the market weakening? The support and resistance zone remains. No change to trade levels. 1) Use the range of previous ultra high volume bar as a guide for a immediate support/resistance. Clue: Ultra high volume, wide spread down bar is a sign of strength, WAIT for long opportunity in lower TF. Ultra high volume, wide spread up bar is a sign of weakness, WAIT for long opportunity in LTF.
HKEX:HSI1!
by paradox677
1