SUPPLY AND DEMAND - HK50W1 Tf - long bias
Price in low curve, and reaching W1 demand.
Prepare to go LONG again
D1 Direction
To observe where price will go next week - no trade yet
Hk50long
SUPPLY AND DEMAND - HK50W1 - Short Bias
D1 - Direction
Price is consolidating in between zones
H4 - intermediate Direction
Price is unclear at the moment, need to observe
1H Entry TF (temp buy as D1 Demand zone is unbroken yet) - need confirmation
Buy zone identified
TP:
about 1:3.42
HK50 Returns To Bullish ChannelThe HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants tend to be more optimistic around these times of year, and with risk off sentiments dwindling, the possibility for the HK50 to create another high is very high. This kind of play would present itself to have a very high risk:reward ratio, and it is a play I am most certainly playing. Stop loss is below the bullish channel and target is at the last high.
Hang Seng- After fearHong Kong index dropped after china crack down again own companies but these were headlines in all media "Crack Down" , but reality is little different china want maximum cooperation from some giant companies and some security issues specially DIDI IPO in USA.
HK50: Consolidation is broken upwards.Consolidation is broken upwards. If they go above 29502, they can grow to the area of 31710. The stop can be kept below 28150.
