is the index in booze again and in breakdance mode?

HK50
HSI

Hello bello...everyone, may all your trade closed in profit!

As mentioned in yesterday post, the Index was in a bearish mode but be cautious.

Look at the 4H chart, do you see?
Both MACD & KDJ are arcing again (MACD still within the bearish zone, below zero level)

4H chart - Bearish (bullish reversal within bearish zone, temporary -this can be fake rebound 😂)


Cross-checked with broader tf chart - D chart.

KDJ is now at oversold area 20.
Both KDJ and MACD below zero level. Bearish.


1H chart

the Index seems has no mood and strength to move and need quite a long rest...
Mood change overnight, re-adjust and in the action.
MACD - reversal for bullish generating green histogram; although the signal within bearish zone. Hence, for day trade is bullish for the week it could be pullback.
KDJ completed the bearish mode and turned bullish; at the point of observation, it was overbought at KDJ ~75.
MACD arcing up Bullish, KDJ overbought zone - this signal divergence; so cautious of the potential correction. It's likely to pullback. Hence, trade cautiously.


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 : 18300; today broke the support level hopefully it stays above 19070 level. (if breaks then next 19300)
Resistance :19200-19300 (if breaks then 19450, then 19650)


Sticktoyourplan follow your trading strategy.


Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it.
Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating.

Rememeber to allocate some of your gained pocket money for long term asset investment.
We should take contrarian strategy. Accumulate Hong Kong and China stock and wait for 12-24months or more to have an exponential capital gain.

Check the Month Chart you will notice, is almost there already....
HK50 2800
Time frame is important! Prepared for the rollercoaster short-term rider for these two markets.


Got your trade plan ready for 2025, or are you still figuring out your moves?
Share your view OR hit the 🚀 , signal that you keen to explore.


Happy Trading Everyone! ☺