HSI clocked out early, TP sit back and relax wait for next move!

Hello everyone! Today one of the web hot topic - all the 7 stars align and there must be something happen!
What do you think?
"Bulls took profits, bears took chances—HSI took a nap before the next round!" 😴📈📉

Here you go...now come with this news 📰
tradingview.com/news/te_news:449646:0-hong-kong-stocks-under-pressure-but-set-for-strong-monthly-gains/
[Hong Kong Stocks Under Pressure But Set for Strong Monthly Gains]
**Shares in Hong Kong plunged 309 points or 1.3% to 23,415 on the last trading day of February, marking a second session of losses.
The Hang Seng fell further from its highest in over three years, set earlier in the week, and was on track for its first weekly drop in seven weeks, with all sectors posting sharp losses.
Still, markets were on course for solid monthly gains, up around 15% so far, marking a third month of rises as hopes mounted that China’s 2025 Two Sessions meeting next week will outline key policy priorities, including potential support measures for the economy.**

Look at the HSI D Chart
- posted 25Feb2025
- posted 26Feb2025
- posted 27Feb2025
- posted 28Feb2025 at point of writing; the index broke the key support level of 22900-23000 (the strong level of 23000 which is the 10MA level; let's monitor closely next week the new start for the month and see this level can be maintained. (this level has been retest 3 times)

Trading volume: finance.yahoo.com/quote/^HSI/history/?frequency=1d

Date Volume
Feb 27, 2025 6,257,000,000
Feb 26, 2025 5,138,100,000
Feb 25, 2025 4,449,800,000
Feb 24, 2025 5,264,600,000

Monthly
Feb 1 2025 - 87,382,400,000
Jan 1 2025 - 52,385,800,000
Dec 1 2024 - 56,349,200,000

Avg past 3 months : 65.3Bn ; current as of todate /month volume > past 3 mnths avg (i.e 57.98bn)

Look at the 4H chart (main chart)
HK50
The last Oct Hi @ 23241 has been broken hence retracement is not a surprised!
With the month closing today, the strong pullback is inevitable for institute and whale to take profit.
Please trade cautiously today! 🚨 🚨 🚨

Now, what's next?
As updated:-
Next level that we are looking at to break and steadily staying above this level - 23525, 23990, 24101, 24385
🚨 as of ✍️ it seems break the first support level this morning- and let's see if it could rebound today else it will go down ⬇ 👇 to 23175-22990 level, then 22741.
🗝️ support level : 23500 (broken) , 23175 (broken), 22990 (testing), 22741

MACD - last marked WAS deadcross and curving down as marked in YELLOW. After 8 bars-it reversed as marked in GREEN. and NOW it formed Deadcross again (as marked in YELLOW)
KDJ - Now reversed turned into bearish red zone. It remained in bearish zone.
BB - It is now entered lower BB channel and testing to break the lower BB and create new Lo.


Today Trade Plan: 23000-23504
Buy into support : 22795- 22900 (confirm with the indicator if its on reversal mode otherwise stayaway)
Sell at resistance : 24040,23454,23250 (short and TP within shorter timeframe, cross-check and wait for confirmation)

Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!

Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.

Happy Trading everyone!

🎯 Start to accumulate China & HKG for the potential upside for the year! All retracement is a good entry point.
🔎 DYODD and don't listen to anyone. Invest in yourself, do some study and learn along the way while you trying to verify or finding the answer if to start invest in CHN/HKG markets.

2800 - 22.90-22.82 if it happens to retrace back to this level, otherwise anytime NOW is entry point! It's confirmed by the 200MA (above in W chart) ; also the W chart MACD GoldenCross. Cross-check it; if need helps let us know.

2823 - 13.17-14.75 can start to open position and start accumulate, is allowed to wait for confirmation once it breaks 14.75 level. But you will be getting at higher cost...

2801 - open position at price : 23.73-23.80 or anytime NOW! if ever retraced back to 23.36-23.66 accumulate more.

3067

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