Tencent Holdings Ltd (700 - HK) - ABC wave patternTencent Holdings Ltd (700 - HK) is in ABC zigzag wave pattern and moving up in C wave up. It is in 1st wave of C, which is about to end soon and 2nd will correct it down. Watch the invalidation level closely. In weekly time frame it is a very strong stock of HSI and in the 3rd wave of 5th wave impulse, which is further subdividing as extended wave.
Hang Seng HSI
Strong Head WindsWe did gap up and didn't fill, trapping the late sellers but high volume selling in this up move. Unlikely that accumulation below was enough to carry it to new HIGHS in one go.
It can come crashing down at any moment but if it can get to 25300-500, that will be a very good short opportunity.
Regards
HSI follows the predicted trend + new possibility of gains aheadAs predicted in our April 6 post, HSI reached minute wave i and as minute wave ii has completed, new possibility of gains are available at minute wave iii with the most probable first target at 28,284. If the index crosses below 22,500, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
$BIDU: Trumps First Target to DeslistThe rally at the end of this Friday's close was systemic. It was the news that the U.S. president (after the markets were already in anticipation as he had tweeted there would be significant news). The press conference was not positive. The things that came out of it was both anticipated and expected, which is what the markets are operating on right now. They anticipated that the U.S. would begin to win back exceptions from Hong Kong as a semi-autonomous trading partner because of Chinas move to consolidate power under grounds of national security. There was also mention of delisting Chinese companies on the American stock exchanges, which would be huge for companies such as $BIDU.
Interesting Monday ahead
All set for a very interesting Monday's opening.
Channel support held on for whole week while the sellers kept up the pressure and are now just above the accumulation zone. Gap up will trap the sellers and may not fill in near term with price quickly marching towards 25k. Gap down will open the door towards first the gap at 21882 and then towards march low at 20968.
If Monday opens near the current prices then watch out for trap(First move usually being a trap)
Volume was high whenever price came back in the accumulation zone which is often the case prior to a significant move.
Short term = Neutral,
Medium Term = Bullish,
Long Term = Bearish.
HSI to extend downside for Fibonacci targetSimple chart, simple Fibonacci, simple target to the downside for the Fibonacci target.
MACD is support of the downdraft.
Apparently Trump is going to have a release on US actions, and surely will be returned with China’s response.
Trigger for downside there...
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)
Markdown or shakeout?
Markets are controlled by very few. They manipulate as they please. They own everything. banks, hedge funds, media, governments. They are the culprits behind social unrest, Wars, Pandemics. No new law is passed without their approval. They have mastered the art of deceiving the masses and they are looking to further enslave the common. Big changes are on the way for which they will create global chaos the likes never seen before by mankind. Many things will be blamed as reasons. Do what they may but a Supreme power watches. Tyrants days are numbered.
Hang Seng OversoldLooks to me like this is going to be the determining factor for Tuesday open....
Hang Seng is oversold, I would expect it to bounce off support Sunday and Monday, which would mean a gap up Tuesday morning.
Of course, the virus thing is unpredictable and if China shuts everything down again we could see a double bottom. Not to mention they're trying to clamp down on Hong Kong which usually tanks the Hang Seng (it's the Hong Kong index after all), so there is the possibility that it goes severely oversold.
Hang Seng Index - HSI - 7 to 10% of growth in next 15 daysHSI has recently finished primary wave 2 down and its now tracing the beginning phase of a long primary wave 3 up. The current wave countindicates we are in a minute wave 3 up that should most probably elevate prices up to 1 to 1.618 of wave 1. This means 7 to 10% in the next 15 days. FOLLOW SKYLINEPRO TO GET UPDATES.
Hong Kong Stock Index (The economy is in BAD Shape)View On Hong Kong Stock Index (6 MAY 2020)
HK economy is in the bad shape and it has yet to reflect accordingly in the stock markets of it.
We are seeing some bounce up from 23,500 regions and expect it shall be short-lived.
As long as the price can't break up the resistant region of 24,250-25,000 region, HSI index will go alot lower soon.
The support level shall be 23,400 and 22,800 and beyond.
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Like others, Hong Kong needs help ......Read these articles here and here
Hong Kong has not get out of its messy state since the street protests months ago. Like other countries that are grappling with how best to handle Covid-19, it is facing immense pressure from business sectors and the people staying in HK. I guess, this is the worst time to be the leader of any country, juggling both ends of the burning candles.
We shorted at 24106 last nite and had pocketed roughly 1000 profits. The 1H chart has just reversed to a short term bullish trend.
We still think there is more room to head south in the coming days.....
Exuberance is Beauty - William BlakeWhat do you see ?
What do you observe ?
What do you want to do ?
How do you decide ?
Why do you do what you do ?
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.
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.