Rebound lik a champ, monitor the vol c if the guests left early?

Hello everyone! How was your zentradingstrategy? Hope everyone embrace with the retracement.

Sell on news? or Buy the dip?
What did we noticed on yesterday news? pfft..Distraction, distraction...
but here you go for today 😂😂😂: tradingview.com/news/te_news:449296:0-hong-kong-equities-rally/
**Shares in Hong Kong surged 520 points or 2.3% to 23,555 on Wednesday, shifting from a weak session the day before amid robust gains across all sectors.**


Look at the HSI D Chart
- posted 25Feb2025
- 26Feb2025 at point of writing; the index seems doing quite well since open this morning, trying to stay above the support level 22990.

Yesterday trading volume: finance.yahoo.com/quote/^HSI/history/?frequency=1d

Date Volume

Feb 26, 2025

Feb 25, 2025 4,449,800,000

Feb 24, 2025 5,264,600,000


Look at the 4H chart
HK50
The last Oct Hi @ 23241 has been broken hence retracement is not a surprised!
MACD - last marked WAS deadcross and curving down as marked in YELLOW. After 8 bars-it reversed as marked in GREEN.
KDJ - WAS at bearish zone curving down; and now reversed and turned bullish in green zone.
BB - now moving above the mid line of BB from yesterday ranging within the mid-line.

22990 resistance level now reversed as SUPPORT level. Hopefully the retracement is completed. Let's monitor especially the volume see if this is just a rehearsal.


Today Trade Plan: 23150-23670 (ahemmm...trust you can do the math 😂)
Buy into support : 23150 -23175 (TP :23600-23630)
Sell at resistance : 23465-23670 (TP : 23450-23500)


Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!

Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.

Happy Trading everyone!


Reminder : start to accumulate China & HKG for the potential upside for the year! All retracement is a good entry point.

2800 - 22.90-22.82 if it happens to retrace back to this level, otherwise anytime NOW is entry point! It's confirmed by the 200MA (above in W chart) ; also the W chart MACD GoldenCross. Cross-check it; if need helps let us know.

2823 - 13.17-14.75 can start to open position and start accumulate, is allowed to wait for confirmation once it breaks 14.75 level. But you will be getting at higher cost...

2801 3067

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