hsi 20200122.png

 still holds: lower top, lower bottom

hsi mth 20181127

hsi mth 20171012

http://koei1024.blogspot.hk/2017/08/hsi-mth-20170814.html

a follow-up, simple is best

sp500 vs hsi 20170929

seems one is leading the other...

hsi td 20170927

2nd time, same pattern formed near the moving average in this year.

hsi mth 20170814

hsi mth 20170810

hsi td 20170619

use of RSI

hsi gaps 20170510

http://koei1024.blogspot.hk/2017/05/hsi-gaps.html

事後孔明? keep the trend line extrapolated, sometimes it works as support/resistance

hsi - gaps

This is how I find gaps, happen intraday or market open, are interesting.

hsif td 20170426

in future market, a break-out with high volume can be observed.

short-term possibly changes to uptrend

for short-term, positive reversals in both RSI and MACD.

same here for short-term, positive reversals in both RSI and MACD, volume was shrinking during the consolidating wedge which is normal. We need a break-out to the north with extra high volume to confirm the wedge.

hsi wk 20170322

hsi 20170306 - buying low

Everyone in the markets knows that buying low and selling high are the key to make the most profit from the market. However, where/when is low or high enough? No standard answer. Some says when there is a blood-shed for a low to happen, a change in major trend, historical cycle low/high, etc.

One of my favourites is RSI 14-period that historical movements are ranged within 0 to 100. Certainly, it doesn't mean a high with RSI 100 moving to a low with RSI 0, which all depends the trends.

We can just try to buy at a "relative low" and/or sell at a "relative high" level, which is profitable enough in a trade. This is what we aim for and consider to bear some risk in the market. We are not scientists nor mathematicians who chase for ideal case or perfection.

If we look at RSI on a monthly chart, it reveals a way for most people who are patient enough to wait for a relative low to buy. However, to predict a high to sell, I am not confident to mark a specific range as it really depends whether the market is in a bearish or bullish cycle.

hsi 20170302

http://koei1024.blogspot.hk/2017/02/hsi-td-20170221.html
- 3 signals observed
- in addition, a re-test at the white trend line

Furthermore, from its weekly chart:
- a potential double top (two red arrows)
- a potential evening star (white circle)

hsi td 20170221

a few signals to look for a reversal: 1/ breaking of supporting uptrend line on price chart 2/ fall below the bottom line of this bullish trend on RSI chart. 3/ MACD bearish cross?

hsi 20170220

in end December 2016, I expected for a rebound to 22500 level. (http://koei1024.blogspot.hk/2016/12/hsi-hr-20161229.html). But it was far too early for a top to appear, it evolved into a consolidation around that level (mid Jan., 23000-22600).

As a trader, I admit I can make mistake. Never fatal since my entry is relatively small. Most importantly, in order to survive in the market, we need to stay sharp with changes that are against our expectation and shall cut loss fast.

For the moment, there is no obvious signal showing any weakness in market. One should note the decreasing volume since Feb. 15th would indicate a top is forming or not.

hsi hr 20170203

http://koei1024.blogspot.hk/2017/01/hsi-hr-20170126.html

it has broken lower boundary of the channel, let's expect sth to go down for some moments

hsi hr 20170126

on Jan. 23rd, the reversal hasn't begun since the support was held (red line).

Now the market may have developed into a 3-drive pattern that every up moves appear almost symmetrical in price and time. MACD also signals two  divergences of the 3 consecutive tops which could indicate the market is running out of steam...

hsi 20170116

1) breaking of uptrend, pay attention to a reversal or a consolidation to follow

2) after tested the RSI bearish upper limit, we can try to have a clear position preparing for a down move