Analysis

HK50 Index 23,780.8 points ↓1.07%: Bears very strong · 4H 12:00 Oct 21, 2026

·
Candle close
Price and energy
Open 24,037.6 · High 24,153.3 · Low 23,774.4 · Close 23,780.8 · Range (high − low) 378.9
HK50 Index closed at 23,780.8 points, down 257.4 (-1.07%) from 24,038.2.
Bull–Bear energy behind the price: the market moved from the Neutral zone at 9.2% to Bear Critical at -74.5%, down 83.6 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price23,97124,03724,03823,781
Energy-53.1%-2.5%9.2%-74.5%
Price change↑ 0.58%↑ 0.28%↑ 0.00%↓ 1.07%
Energy change↑ 40.8↑ 50.5↑ 11.7↓ 83.6
Volatility trend chart · last 4 sessions
↑ 0.58%↑ 0.28%↑ 0.00%↓ 1.07%↑ 40.8↑ 50.5↑ 11.7↓ 83.6
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 1.07% — higher than 97% of past drops
0%255075100%
Energy down 83.6 pts — higher than 94% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Critical HK50 Index 4H

Sample: 372 4H candles from 2026-07-22 to 2026-10-21
Number of Bear Critical occurrences: 23 times

▸When HK50 Index is in Bear Critical:

  • then HK50 Index moved to higher Market State: 14 times — 60.9%
  • then HK50 Index moved to lower Market State: 9 times — 39.1%

▸Current HK50 Index market energy: -74.49%

  • Distance to upper bound of Bear Critical (at -60%): 14.49%
  • Distance to lower bound of Bear Critical (at -74.5%): 0.01%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

HK50 · H4 · 2026-10-21 01:00 UTC
Preview the last 30 candles — price and energy
View live HK50 chart →
Market Energy
9.2%
Neutral
-74.5%
Bear Critical
-99.9%
Bear Extreme
Zone
-74.5 – -60
Bias
Sellers in control
Explanation

Right as the 4H candle closes, HK50 Index within the near-extreme Bear energy level.

On the measurement side, Market Energy dropped -83.6% this candle, currently -74.5% (previous candle 9.2%).

Time in Bear Critical energy zone: 1 4H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, HK50 Index Market Energy ranged from -95 to 76.9.

Frequently asked questions

What did HK50 Index price and energy show when this 4H candle closed?

When the 4H candle closed at 12:00 on 21-10-2026, HK50 Index was at 23,780.8, down 1.07% from the previous candle (24,038.2). Market Energy was -74.5%, down 83.6 points from 9.2%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.

How much did HK50 price move on this 4H candle, and how large is that historically?

HK50 closed at 23,780.8, down 1.07% from the previous 4H candle (24,038.2). This drop is larger than 97% of past drops on the 4H timeframe for HK50, across 370 candles since 2019.

How did HK50 Index Market Energy change from the previous candle?

Market Energy fell 83.6 percentage points from the previous candle — from 9.2% to -74.5%. This drop is larger than 94% of past drops on the 4H timeframe for HK50.

Do HK50 price and energy agree?

Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.

What state was HK50 Index in on the previous 4H candle?

The previous 4H candle had HK50 Index at 9.2%, Neutral — when this candle closed, HK50 Index moved down to a lower zone: Neutral → Bear Critical.

Where does HK50 Index energy sit within the Bear Critical zone?

At -74.5%, HK50 Index is 14.49 points from the upper boundary of Bear Critical (-60%) and 0.01 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.

What does Bear Critical mean?

Bear Critical 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 Critical 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 Critical with energy 64.8%; GER40 (European equities) in Bull Bias with energy 37.5%. Against this backdrop, HK50 Index (Bear Critical, -74.5%) 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 Neutral with Market Energy -2.4%. HK50 Index energy is currently below DXY by 72.1 points.

Real-time Energy Chart

See the real-time energy chart for HK50 Index.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for HK50 on the HK50 Index overview →

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