Hong Kong 50 Index
Short
Aggiornato

Stay calm, stay alert! Revisit the macro prior to your trade.

232
Hello everyone! tomorrow is the last day before the Q4 commences, let's see what's happening to HSI today. Wonder if you noticed, after lunch, it's quite amazed that how markets react to news - the meeting between the key leaders at Busan today. 😮😮😮
Well, I guess this is just another trick for the whale/smart money to flush retailers out sending 🍭🍬🍫 in the early session.

4h chart:-
istantanea

Support : 26075 next 25887 and 25720 very strong support level.
Resistance : 26466, 26620
GravityTrendLine: 25887 (D chart)


1h chart:-
istantanea
MACD formed deadcross for 4h and 1h chart.
🚨 Cautious for recent trades.
Look out for the support and resistance area.

Short-term is gonna be Bearish! until the MACD completed its cycle for 4h chart.
It's anticipated that is gonna be a huge pull back to 26000 level this week.

For swing-long/short - looking at range btwn 26070-26308 (at point of writing)
Or may wait for the opportunity, no trade/no action is also part of trading strategy.
Whales may play their games, but patience is our edge.


Also always refer to the underlying HSI1!
Sticktoyourplan.
Happy Trading!
Trade chiuso: obiettivo raggiunto
istantanea

It moved to the forecast low : 25771 (below GravityTrendLline) and rebounded and closed at 25944 on 31 Oct Friday.

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