TGIF everyone & Happy V day! HSI continue sending love 📦 & 💷 to who pay attention to it! HSI
D chart on HSI The next strong resistance will be the last Oct2024 Hi at 23241. How far to reach the ATH from today? Estimated : 1061pts to go (~4.79%); is not that far! Expecting and allow some retreat a healthy pullback these two weeks.
Look at the 4H chart HK50 MACD - now at bullish zone with inverted red histogram. KDJ - Bearish zone and likely to reverse. BB - Index continue trading above BB midline and stay at upper BB channel.
Today Trade Plan: Buy into support : 21090-22000 Sell at resistance : 22230-22300 (trade range : 301pts; ~1.37%)
Look at the 1H chart. MACD formed GoldenCross this morning. KDJ also is at bullish green zone and at bullish level (after yesterday pullback and reverse from oversold zone) BB : above upper BB 21930 - 22300 Lower BB : 21910 ( today support level should be at 21600) Resistance : 22200 (if breaks then to retest the next resistance at 22545 then 22770)
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! Wishing everyone a good weekend ahead.
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