Hello everyone!
Today HK50
HK50 D open at 25350, Hi:25446 Lo:25164
IMO: Deep retracement is happening with profit taking from futures expiring tomorrow for traders & waiting for catalysts for talks next week.
For 4H - Index moving closer to Gravity Trend Line - look out for entry for swing (using shorter tf to entry).
At point of writing ✍️: the HK50 $PEPPERSTONE uptrend mode is on track and now in the retracing mode.
currently on D Chart -
🗝️ Resistance Level : 25300
Support Level : 24950
Support level 24558 (MA30)
🗝️ Strong Support Level : 24048 (Gravity Trend Line)
1H Chart HK50 $PEPPERSTONE
If today not able to close 25304 (25335 HSI), it's likely a deep retracement.
Shor term pullback -for swing trade and for mid-longer term it's still on bull track. Most likely people profit taking before the HSI futures expires tomorrow.
Macro view - Index continue to be Bullish. Well, markets cooled a bit waiting for details from the ongoing US-China trade talks early August'25.
Higher Hi🚩point marked in Chart HK50 $PEPPERSTONE
21May2025 -23909
11June2025 -24430
25June2025 -24531
16Jul2025 - 24842
18Jul2025 - 25052
24Jul2025 - 25729
?? ??2025 - 26163 Revised Target
The HSI Index
HSI
At point of writing ✍️ Index is being sucked towards to D GravityLine - 24085; it fall below the sideway box.
If it doesn't close above the key support level this week, the deep retracement is happening.
🧨🧨🧨Pay attention and cautious.
🗝️ Next Resistance Level : 25350
🗝️ Next Support Level : 24900-25200
🗝️ Strong Support Level : 24300-24750
Let's follow your own zentradingstrategy , continue to trade; Observe your emotions as you would the clouds—passing, shifting, never you.— Mindfulness helps you respond, not react, in volatile markets and moments.
Be ease at trading!
** Please Boost 🚀, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Share your trading journey here to encourage the community and friends who pursing the same journey.
Today HK50
HK50 D open at 25350, Hi:25446 Lo:25164IMO: Deep retracement is happening with profit taking from futures expiring tomorrow for traders & waiting for catalysts for talks next week.
For 4H - Index moving closer to Gravity Trend Line - look out for entry for swing (using shorter tf to entry).
At point of writing ✍️: the HK50 $PEPPERSTONE uptrend mode is on track and now in the retracing mode.
currently on D Chart -
🗝️ Resistance Level : 25300
Support Level : 24950
Support level 24558 (MA30)
🗝️ Strong Support Level : 24048 (Gravity Trend Line)
1H Chart HK50 $PEPPERSTONE
If today not able to close 25304 (25335 HSI), it's likely a deep retracement.
Shor term pullback -for swing trade and for mid-longer term it's still on bull track. Most likely people profit taking before the HSI futures expires tomorrow.
Macro view - Index continue to be Bullish. Well, markets cooled a bit waiting for details from the ongoing US-China trade talks early August'25.
Higher Hi🚩point marked in Chart HK50 $PEPPERSTONE
21May2025 -23909
11June2025 -24430
25June2025 -24531
16Jul2025 - 24842
18Jul2025 - 25052
24Jul2025 - 25729
?? ??2025 - 26163 Revised Target
The HSI Index
HSI At point of writing ✍️ Index is being sucked towards to D GravityLine - 24085; it fall below the sideway box.
If it doesn't close above the key support level this week, the deep retracement is happening.
🧨🧨🧨Pay attention and cautious.
🗝️ Next Resistance Level : 25350
🗝️ Next Support Level : 24900-25200
🗝️ Strong Support Level : 24300-24750
Let's follow your own zentradingstrategy , continue to trade; Observe your emotions as you would the clouds—passing, shifting, never you.— Mindfulness helps you respond, not react, in volatile markets and moments.
Be ease at trading!
** Please Boost 🚀, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Share your trading journey here to encourage the community and friends who pursing the same journey.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.