DAILY: uptrend, but price has not confirmed to cut Ma10 up.
4H: the price adjusts for 2 beats and touches the 6.8 fibo zone in the previous up phase.
-price has increased by 10%.
- The buy signal candle has a full candle body and a large volume that crosses above ma10
-MACD confirms cross up.
-act
- Wait for the price confirmation to increase within 10 days before...
Hello & welcome to this analysis
HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly.
The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel channel starting from 2008.
In India the Nippon India ETF Hang Seng...
Jan 2000 Hong Seng index topped around 18400 and Tested the same level of 18400 1st qtr of 2022. If you are a long term index investor and invested in Jan 2000 you would have made zero return in the last 22 years. Stop blindly following finwits in index investing. Learn and be alert
As after the bearish setup on daily time frame the market is falling making inverted flags again it looks like an inverted flag which is a decent flag. Targets can act as support or resistance, trade what you see. trail profits at every target or SL at cost.
DISCLAIMER : This for education and knowledge purpose Before taking any decision once consult with your financial advisor or do your own research. I am not be responsible for any financial gain as well as for losses. I am not SEBI registered.
It looks like HSI is coming out of several weeks of sideways consolidation. A close above 29175 today could propel the index towards 30850 in the next couple of weeks.
Buy Strongest, Sell Weakest along with the Overall trend direction.
By using our strength Booster to
Buy strongest Index when overall is in uptrend;
Sell the weakest index when overall is in downtrend.
