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| Price | ▲ 3.02% | ▼ 3.97% | ▼ 1.58% | ▼ 2.21% |
| Energy | ▲ 28.5 | ▼ 14.9 | ▼ 24.3 | ▼ 17.7 |
Trend of Bear Extreme HK50 Index Weekly
▸When HK50 Index is in Bear Extreme:
- then HK50 Index moved to higher Market State: 23 times — 100%
- then HK50 Index moved to lower Market State: 0 times — 0%
▸Current HK50 Index market energy: -85.48%
- Distance to upper bound of Bear Extreme (at -74.5%): 10.98%
- Distance to bottom -100%: 14.52%
"A person's history reveals more than you might think" — 2AITRADING
Observing the completed Weekly candle, HK50 within the Bear Extreme zone.
Meanwhile, Compared to the previous candle (-67.8%), Market Energy dropped -17.7% to -85.5%.
Time in Bear Extreme energy zone: 1 Weekly Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Not enough data in the past 5 days to show a range.
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What did HK50 Index price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 29-07-2024 closed, HK50 Index was at 16,789, down 2.21% from the previous candle (17,169). Market Energy was -85.5%, down 17.7 points from -67.8%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did HK50 price move on this Weekly candle, and how large is that historically?
HK50 closed at 16,789, down 2.21% from the previous Weekly candle (17,169). This drop is larger than 56% of past drops on the Weekly timeframe for HK50, across 326 candles since 2019.
How did HK50 Index Market Energy change from the previous candle?
Market Energy fell 17.7 percentage points from the previous candle — from -67.8% to -85.5%. This drop is larger than 61% of past drops on the Weekly timeframe for HK50.
Do HK50 price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was HK50 Index in on the previous Weekly candle?
The previous Weekly candle had HK50 Index at -67.8%, Bear Critical — when this candle closed, HK50 Index moved down to a lower zone: Bear Critical → Bear Extreme.
Where does HK50 Index energy sit within the Bear Extreme zone?
At -85.5%, HK50 Index is 10.98 points from the upper boundary of Bear Extreme (-74.5%) and 14.52 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Extreme definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 55.4%; GER40 (European equities) in Bull Extreme with energy 97.9%. Against this backdrop, HK50 Index (Bear Extreme, -85.5%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -43.9%. HK50 Index (Bear Extreme) and DXY currently sit on the same Bear side.
See the real-time energy chart for HK50 Index.
Open Energy ChartSee the full 2AiTrading Model data for HK50 on the HK50 Index overview →
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