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Hang Seng HSI

Hang Seng: Symmetrical patterns show an extended uptrend to at lThe index has broken above the multi month descending channel that started on April's peak with a clear cross over the Lower High trend line (dashed line) on very healthy bullish 1D price action (RSI = 66.138, MACD = 47.598, Highs/Lows = 433.2348). Since both 1W and 1M turned neutral (RSI = 54.126 and 51.251 respectively) we are looking at previous candle patterns for clues. So far we have spotted striking similarities with the October 2018 - January 2019 price action. Similar lows, High and rejection around 27,300 and then a continuous bullish sequence. Based on that symmetry we have set the following targets: 29,000, 29,500 and 30,200, which should be used in accordance to each trader's risk approach. A Golden Cross on 1D (as it happened in March) will further validate this outlook. In September we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope
HSI Trend for Upcoming 2 MonthsThe Hang Seng Index has completed a few months double bottom pattern and broke above the neckline around 27350 with a breakout gap. If the breakout gap is not filled, the index is likely to boost to the target 30280 like it happened last year. After reaching 27940, wait for a pullback referencing to the trendline and go LONG. Stop Loss is at level 27200, placed below the breakout gap open. Risk / Reward Ratio is 1:3. If the gap is filled, it would go back to 26450 level.
TVC:HSILong
by chchart
Hong Kong Stock Index (Is it about to Go UP?)View On Hong Kong Stock Index (27 Oct 2019) HSI was trying to form a HIGHER HIGH, HIGHER LOW formation (HH-HL) and it is about to do a break. We will need a strong break out with strong vol to validify the move and it is likely yo happen. If it advances, it shall reach 27,000 and 27,100 regions pretty fast. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". 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.
OANDA:HK33HKD
by SonicDeejay