Still in the awkward zone...

HK50

Hello everyone! May everyone have a great week ahead, the weekend had past regardless you had a good one or challenging one, that had passed!
We live in now and then.
Let's see how the index doing this morning for the new start of the week and so we can plan and take action accordingly.

Are they waiting for the 2025-2026 budget speech in Feb; after CNY?
News are distraction. If you are using chart pattern, technical analysis to forecast the price movement; stick to it! Although sometimes news can be catalyst to price movement, as long we stick to our plan and continue to practice and adhere to our own SOP, our trades will not go too far off.

From D chart
What we can see is the MACD,Signal is getting weak , histogram is weak the signal line is breakthrough the zero line. We should monitor close by end of today if it crosses down the zero line.

Let's not go against the trend, trend is always our friend! ☺ However, for the index it seems currently is no trend...awkward. haha



The 4h Chart - the pricing had turned bearish since 31/12/24 as marked (Dead Cross).
Support : 19311
Resistance :20220


The 1H chart - the index dancing within the range bound as we noticed from chart.
Hi : 19868 (higher than 19876 @20250105 1H Hi)
Support : 19630 (if breaks then next 19311)
Resistance :19850 (if breaks then 19980 ;52EMA)



For day trade: Same strategy, buy into support, sell at resistance and monitor.
For swing trade : depends your time frame (tf); once the 1h hour chart MACD indicator crossing up the zero line and the KDJ turned green. May take bullish position.

Sticktoyourplan follow your trading strategy. Set your SL/TP.
Once all is set, let's zen with 📙 and 🍵 wait for the results.

Happy Trading Everyone!