HK50 - Chines Stocks Will Continue To Be WeakHang Seng printing a limp ascent - looking weak.
This is a short here or perhaps after a bull trap shakeout through resistance would be better.
I won't take it though, I have trades elsewhere.
That bull trap shakeout short opportunity where the red arrow is, was a great opportunity...
But one for the notebook this time around 👀.
I have no interest in Chinese stocks for now due to this 🤨
Not advice
HSI trade ideas
Hang Seng Index Primed for a 20% RallyThe Hang Seng Index is rebounding off its 61.8% Fibonacci retracement level following an ABC correction, a classic technical setup indicating a potential trend reversal. This bounce suggests the beginning of the next bullish wave, with the potential to climb by up to 20%.
HK33 in inverted head and shoulders?HS50 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the high.
A lower correction is expected.
Short term bias is mildly bullish.
Preferred trade is to buy on dips.
Economic figures could adversley affect the short term technical picture.
We look to Buy at 19480 (stop at 19280)
Our profit targets will be 19980 and 20135
Resistance: 19995 / 20835 / 21880
Support: 19150 / 17955 / 16430
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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About to breakthrough!FX:HKG33
From previous post - D chart shown that the MACD SIgnal lines are both downtrend and breakthrough the zero line. Forming a short term bearish mode.
The Index corrected down to 18956 (last week low).
As you can see from the snapshot from W chart that week of 11Nov,
week of 18Nov: -246.64 (-1.27%)
week of 25Nov: +395.16 (+2.06%)
This week - 2 Dec : as of now -109.64 (-0.56%) if the Index able to hold at the support level of 19330 and break 19785, the Index then considers reversal.
the MACD Signal lines.
Trade Plan -
Day Trade : 19000-19700 (Long at support and short at resistance dependings on your tf
Swing Trade : 2 days - 3wks : Accumulate at 19000-19150 Discount level, Take partial profit at 19300, 19700.
Longterm Trade : The Index is now retracing. May accumulate & hold at 19340 (if you have been monitoring accumulating starting 16900.
HSI Bearish Outlook with Potential Bounce at Key Support LevelHSI currently looks bearish, likely heading toward the significant support at 18,300 HKD—a level from which we historically saw a strong rally up to 30,400 HKD, aligning with the triangle pattern target. Upon reaching 18,300, there’s about a 90% chance of a bounce.
A bearish divergence also signals potential short-term downside pressure before a possible reversal.
Disclaimer: I'm not a financial advisor; please do your own research before making any investment decisions.
SHOCKING! 40% tariffs on Chinese imports!According to a survey of economists by Reuters, the U.S. is considering imposing nearly 40% tariffs on Chinese imports early next year. Such measures could slow the growth of the world’s second-largest economy by 1%. Economists polled by the publication, both Democrats and Republicans, believe these changes will trigger massive disruptions in the U.S. and global economies, surpassing the impact of the trade wars during Trump’s first term. They warn this could ignite a “global trade war.”
During his presidential campaign, Donald Trump promised significant tariffs on Chinese goods as part of his “America First” trade policy. These potential tariffs, much higher than the 7.5%-25% rates of his first term, come at a vulnerable time for China’s economy, which is grappling with a prolonged real estate slump, debt risks, and weak domestic demand. Most economists predict Trump will impose the tariffs in early 2025, with an average estimate of 38% and projections ranging from 15% to 60%. These tariffs are expected to reduce China’s economic growth in 2025 by about 0.5-1.0 percentage points.
What could Trump’s policy lead to?
Chinese indexes: Chinese stock indexes like #ChinaA50 and the Hang Seng Index (#HSI) are expected to face downward pressure.
Chinese corporations: Key sectors such as electronics, automotive, and textiles—heavily reliant on exports to the U.S.—are likely to suffer the most. Major Chinese corporations, including #Alibaba and other leading players, could see their stock values decline. U.S. Indexes: American indexes like #SP500 and Dow Jones (#DJI30) might experience short-term volatility. Tariffs will raise costs for U.S. companies dependent on Chinese supplies, such as those in tech, automotive, and consumer goods sectors—companies like #Apple, #Tesla, and #Nike may face increased production costs. This could reduce profitability and potentially lead to stock corrections.
In the long term, however, the U.S. might benefit from the trade war, as it could boost domestic production, positively impacting American manufacturing stocks. FreshForex analysts predict a growth phase to begin in late Q1 2025 . At the same time, on November 14, investors sharply increased short positions in Asian currencies following Trump’s tariff announcements.
Hang Seng may rebound intraday, but likely short coveringThe HSI:HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle.
Momentum on the mid term and long term remain intact, only the short term shows a peak and decline.
Support is at 20,511 or 19,828. Long term target is at 27,000
LONG HANGSENG"Don't fear the noise from analysts.
Trump's win and Hang Seng's current valuation are likely already priced in. Many analysts won't clarify this because narratives can drive market behavior.
Stay informed, but think critically. 🧠📉"
Risk Reward is clearly visible in CHART.
Just follow charts rather than Narratives and Analysts.
Long Setup HK50 Day trade📊#MarketUpdate #HK50
As we can see HK50 has landed on 0.382 Fib level since last Friday morning.
This morning has a range breakout to upside.
💡Here is our trading plan:
1. Waiting for a retracement to the Buy Zone.
2. Long after a ICT H1 chart, Long setup (if it is a Higher Low in H1 chart)
China Stimulus Fails to Meet High Expectations Fundamentals & Sentiment
HK50:
- Weak recent Chinese data
- Stimulus hasn't met investors high expectations
USD:
- Strong data
- Fed signals a likely slowdown in the pace of rate cuts
Technical & Other
Setup: TC(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: DMA(100)
Stop loss: 1%
Position size: 0.5 of the normal Risk Unit
HK50 Hong Kong 50 Index Market Money Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist HK50 "Hong Kong 50 Index" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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Is it the time to Buy the Dip? FX:HKG33
As you can see from 1D chart - the MACD & Signal line both are on downtrends.
Be cautious if the MACD fast line break below the zero line.
From W chart, you can see the MACD & Signal lines are both staying zero line i.e bullish mode but on a weaker momentum ( the KDJ is on bearish zone and the MACD histogram with ligher green). Also the MACD line (blue line) seems forming a curving down movement.
The next Support level at 18186 (the sudden surge on the 26Sept2024 +1239.06;6.41% that day)
From 1h chart, at point of commenting it seem that the index is on Bearish mode, it might take a while to rebound to previous support level (the new resistance ) at 19500-19520.
You may not want to open bullish too early if it's not break through the level.
Shorterm
Bearish - it seems the index will continue to be downtrend based on 4h BB; but SL at 19834, you may set TP at 19146 (the next support level)
Peoples Sell on News
tradingview.sweetlogin.com
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From Reuters : China and Hong Kong stocks fell on Thursday after Beijing's latest measures to revive the struggling property sector failed to boost investors' mood.
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Longterm
Let's continue to monitor the D chart with MACD & KDJ indicator if there is clearer signal to take position.
While waiting let's zen with 🍵 & 📙
HSI Long: The Super Bull is hereThere are 3 things to see here:
1. An expanding triangle that is labeled as a corrective wave 2 in triple combination: W-X-Y-X-Z,
2. 2 right angle triangles, one at the top and one at the bottom. The top one is larger than the bottom one. This means that the support at the bottom is stronger than the resistance at the top.
From here, it should be a super bull.
HK50 "Hong Kong" CFD Market Money Heist Plan on Bullish Side.Nǐ hǎo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist HK50 "Hong Kong" CFD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂