By switching the candles chart to a line chart, one can see clearly the LL and HH patterns nicely play out in the ascending channel on this 4H chart.
Expect the price action over the coming weeks to goes up as shown on chart.
Note : this is a volatile index with price action taking you out very fast with hundreds of profits and losses within the hour, so trade with care, reasonable SL and capital control.
Expect the price action over the coming weeks to goes up as shown on chart.
Note : this is a volatile index with price action taking you out very fast with hundreds of profits and losses within the hour, so trade with care, reasonable SL and capital control.
Nota
cnbc.com/2019/11/25/asia-stocks-november-25-hong-kong-district-council-elections-currencies.htmlCongrats to those who longed this index.
Nota
The bulls was short lived with the bears coming aggressively at them. It is now touching the base of the channel. Let's see if it rebound from here or falls through. With President Trump signing off the Bill, it essentially has angered China to a certain extent. Now they can delay with the Phase 1 agreement signing that was supposed to take place in December. Not that China has a lot of cards to play on hand but in a way, the PLA troops are now kind of being stopped out from interfering in HK political scene. Would China be able to retaliate ? If yes, what would they do ?
Watch closely
Nota
Price has returned back to the bullish trend line. Go to lower time frame for buying entry.Nota
IF you extend the lower channel, then seeing the price re-enters back into the bullish trend line around 26300 level and if you initiate a buy, you are in 300 points profits already. Congrats.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.