September 17, 2018
The last time we study Hang Seng Index was back in June, that is many months back.
Thanks for visiting the site.
We saw those try to buy high and sell higher got trapped.
And we suggest to all to stay using buy low sell high and not buy high and sell higher.
Hong Kong Hang Seng Index Charting
Zoom out, and study the price action of the Hong Kong Hang Seng Index from 2010.
We see nice H M Gartley pattern, ABCD pattern. If you will just wait to buy or sell at the right time, such as completion of the CD leg. You will be alright. But, it is easy said then done. And again, in trading, no right no wrong. So, just stay with your winning strategy. Otherwise, remember to buy low sell high, and not buy high and expect to sell higher. Trade with eyes open.
Can you see the wave pattern? Looks like the price action has completed the five waves pattern from 2016. Manage your risk.
September 14, 2018 Hong Kong Hang Seng Index and Wave
If you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.