DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Wednesday, September 29, 2021

HK50 WK1: XABCD 30-40% correction up next?(NEW)

HK50 WK1: XABCD 30-40% correction up next?(NEW)


Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

๐ŸŽPlease hit the like button and

HK50 WK1: XABCD 30-40% correction up next?(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

๐Ÿ”ธ Summary and potential trade setup
::: HK50 weekly chart overview/outlook
::: speculative XABCD setup
::: expecting major weakness soon
::: it's possible that we get
::: a few sessions in range lock
::: to develop the distribution setup
::: 30-40% mark down off the current highs
::: re-test near 16000/16500 points
::: STRATEGY: short sell any rallies
::: good luck traders
๐Ÿ”ธ Supply/Demand Zones
::: N/A
::: N/A
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
::: fundumentals also deteriorating fast
::: all the good news already priced in.
::: this is also important for CRYPTO
::: because next leg down in US stocks
::: may lead to mark down 30% in CRYPTO assets

Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

from TradingView Ideas
via gqrds

No comments: