retreat frm ytd 'short bullrun'; look at key support level

HK50
HSI


Look at the 4H chart.
MACD - Deadcross curving down
KDJ - Bearish zone.
BB - entering lower band.


Cross-checked with broader tf chart - D chart.

MA20 :19632
MA52 :19738 (MA52>MA20)
KDJ is now at bullish zone; overbought.
Both KDJ and MACD are still below zero. MACD seems to be forming a curve; it may go down if there is no strength to break above the zero line and turn bullish.
We can probably see a sideways movement until the distraction—news announced in February.

Continue to monitor to wait for MACD Signal cross above zero line confirming BULLISH.
Can accumulate and swing trade for 4 wks-6 wks.


Look at the 1H chart.

The pullback is delayed but inevitable.
At point of observed KDJ it's in red bearish zone.
MACD is at bullish area fast line is touching signal line forming a dead cross within Bullish zone.



For day trade: Same strategy, sell at resistance; buy/TP at support.
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!

Support : 19782 (next 19742, 19300 ; key support level 19545)
Resistance : 19900 (if breaks then 20030)


Sticktoyourplan follow your trading strategy.


Trading to make pocket money isn't that challenging. Although it can be boring, you can make it fun and zen with it.
Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized.


Reminder : to slowly accumulate Hong Kong and China stock/ETF/Index and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already....
2800 2823 2801

Time frame is important! Prepared for the rollercoaster short-term rider for these two markets.
Time is our friend!
Trend is our friend too, do not go against it.


Happy Trading Everyone! ☺