HSI HangSENG at key fib levelsHSI HangSENG at key fib levels .. Beware of sharp profit taking or selloff
Hang Seng HSI
HSI Short Position CallingGiven the Hang Seng prices about to reach its high point, I call a short for this upcoming week. While there is potential for some long term gains, I believe an extremely short position is conservatively the best calling. That would maximize losses and still bring some profits just looking at the technical analysis of past charting patterns. Also it still looks extremely bearish given it is a strong buy. I would predict the best strategy would be a short over long holding for expected positive correlations. Overall though, it is extremely highly investible.
HSI bearish view
If it was true that 2018 is a bearish year for emerging markets, then I predict the HSI will go as the figure indicates.
Hang Seng Index - channel-riding up the channel and price rejected at channel top 302ish
-Cash gap in 2007 top at 309-313, future has already filled the gap due to fat finger
- it becomes a mystery if cash price will fill the gap in future
- however, need to see more bar to confirm bearish, a double top/lower high will be a tradable short
HSI 38000 target?Triangle break .. pullback breakout point sooner later then epic move ?
14x PE vs US 25x PE ... why ? becoz Shanghai A share is too weak ... tightening in China ~ so it is the black swan !
The Global Stock Market (excluding US) is OverboughtThe Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds fall) cutting back on its quantitative easing as is China. This drop in stimulus and liquidity will likely cause a downturn in European and Chinese markets. EDZ (3x bear) and EDC (3x bull) are leveraged emerging markets etfs. DPK (3x bear) and DZK (3x bull) are leveraged developed markets etfs.
up with a bangafter closing at 29018 yesterday , the index gaped up with great momentum this morning and broke the high two days ago
now it would only be safe to go short again if the hourly bar closes below 29214 ( 29190 for futures).
if this level holds, hsi could go all the way to 2943x-295xx
ICBC HK Stocks Daily Update (15/8/17)Trenches below supporting the price
We have a resistance preventing the price from moving upwards.
Once 5.8 is clear, it would easily fly.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
the big picturemaybe the big trend looks sth like that
just guessing
Anyway I never trade based on Elliott wave only
This is just for fun :)
crazy-ass movementwow.didnt see that coming
a crazy sell-off followed by a crazy rebound.
now the bulls in full control.
scepticalthe index saw resistance and fell back yet still i dont buy the idea that it would go straight down from here
my bet is hsi would go above the 28650 level again before dat wave c happens:)
Entering resistance zoneRebound target met. yet I doubt if the index would reverse here.
just wait and see
....market rebounded to 285xx and reversed as predicted.
but still i couldnt say this is the start of a much bigger mid term correction
this month s candle very likely to be bearish but its not 100% and todays high shouldnt be breached again for the downtrend to continue
won some fast money these few days :) gonna stay on the sidelines for a while
HSI for Oct. 23 to Dec. 2017HSI for Oct. 23 to Dec. 2017
Range towards upside but strong pullback in coming months - the last stage of the Bull, before down trend begins.
HSI short tems double top D1HSI could build a double top at D1 wave.
In connection to high world stocks DOW, US30, Ger30
Crazy!!the index plummeted crazily right after i 'd called the top :)
it should rebound from here back to 285xx before going down again.
Remeber i said this months candle is very likely going to be a bearish one ? ( becuz of the 8 consecutive bullish monthly candle theory)
we opened at 27885 this month. we should go below 27885 before the last trading day of October
That's it ?Got our push to the 288xx area this morning and market reversed again
Should be the start of correction to the 281xx-282xx area.
Close to a short-term topthe index found support at the range bottom again with the hourly bar closing above it.
We may get another push to the 288xx area before going down again towards the end of the month
