One Good Trend, One Good Bar, One Good Volume - The Secret to Trading Successfully!
Phillip Capital's Top Tier Trader and Remisier.
Robin Ho is also a certified SGX Academy Professional Trainer.
Wednesday, August 8, 2018
HSI Prediction on 7 Aug 2018 - Using the key levels in trade plan
Yesterday morning, Hang Seng Index hit the projected day high and corrected 159 points in 50 minutes. It went on to stage a strong recovery, hitting and consolidating at the 28010 level again, before hitting the stop loss which is 100 points away. From the chart below, we can see how the price tested the RHO Index Key Levels published before the market had opened. On hind sight, the levels yesterday would have formed an effective trade plan.
To find out more about RHO Index Key Levels, you may get more details here.
All posts and charts are for educational and illustration purposes only