aiyerr...indeed acrophobia!

tradingview.com/news/te_news:448538:0-hong-kong-equities-under-pressure/

Hello everyone! the 'sesame door' seems did not fully open 🔓
😂 😂 😂

⏰⏰⏰Cautious!! it open Lo and sellers volume overpower buyers.

HSI

D chart on HSI

The next strong resistance will be the last Oct2024 Hi at 23241. - It's seems need more booster to reach.
How far to reach the ATH from today? from previous post as predicted it's not that far! - So close yet so far.
We definitely be there this week! --- never time the market we react according to how it moves. This seems unlikely to happen this week unless the sesame door open! 😂
From the soar early this week, today seems facing strong selling for profit taking.
KDJ - is at overbought and red zone and now turning to red bearish zone.




HK50

Look at the 4H chart

MACD - above zero level - Bullish zone but deadcross formed and curving down.
KDJ - Bearish mode continues.
BB - entering lower BB channel and ranging at lower BB.


Today Trade Plan:
Buy into support : 22310 - 22450
Sell at resistance : 22677-22700


Look at the 1H chart.

⏰ Be cautious and pay attention to the reversal to enter for higher chance winning trade!


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!


Reminder : start to accumulate China & HKG for the potential upside for the year! Today retracement is a good entry point.
2800 2823 2801 3067

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