Analysis

HK50 Index 23,599.6 points ↓0.15%: Bears in the peak-force zone · 4H 08:00 Oct 22, 2026

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Candle close
Price and energy
Open 23,632.8 · High 23,639.3 · Low 23,532.8 · Close 23,599.6 · Range (high − low) 106.5
HK50 Index closed at 23,599.6 points, down 35.6 (-0.15%) from 23,635.2.
Bull–Bear energy behind the price: the market moved from the Bear Extreme zone at -81.0% to Bear Extreme at -76.6%, up 4.4 points.
Third straight down candle, energy diverges from price.
Price and energy · last 4 candles
Price23,72023,63823,63523,600
Energy-95.9%-86.6%-81.0%-76.6%
Price change↑ 0.48%↓ 0.35%↓ 0.01%↓ 0.15%
Energy change↑ 4.0↑ 9.3↑ 5.6↑ 4.4
Volatility trend chart · last 4 sessions
↑ 0.48%↓ 0.35%↓ 0.01%↓ 0.15%↑ 4.0↑ 9.3↑ 5.6↑ 4.4
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.15% — higher than 35% of past drops
0%255075100%
Energy up 4.4 pts — higher than 24% of past rises
Knowledge

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

RESEARCH

Trend of Bear Extreme HK50 Index 4H

Sample: 371 4H candles from 2026-07-22 to 2026-10-21
Number of Bear Extreme occurrences: 21 times

▸When HK50 Index is in Bear Extreme:

  • then HK50 Index moved to higher Market State: 21 times — 100%
  • then HK50 Index moved to lower Market State: 0 times — 0%

▸Current HK50 Index market energy: -76.59%

  • Distance to upper bound of Bear Extreme (at -74.5%): 2.09%
  • Distance to bottom -100%: 23.41%

"History always repeats itself, one way or another" — 2AITRADING

HK50 · H4 · 2026-10-21 21:00 UTC
Preview the last 30 candles — price and energy
View live HK50 chart →
Market Energy
-81.0%
Bear Extreme
-76.6%
Bear Extreme
-97.7%
Bear Extreme
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

From the just-closed 4H candle data, HK50 Index within the extreme Bear energy zone.

Looking at the Market Energy reading, Market trend energy recorded a +4.4% rise from the previous candle, from -81% to -76.6%.

Time in Bear Extreme energy zone: 5 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 -99.9 to 9.2.

Frequently asked questions

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

When the 4H candle closed at 08:00 on 22-10-2026, HK50 Index was at 23,599.6, down 0.15% from the previous candle (23,635.2). Market Energy was -76.6%, up 4.4 points from -81%, 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 4H candle, and how large is that historically?

HK50 closed at 23,599.6, down 0.15% from the previous 4H candle (23,635.2). This drop is larger than 35% of past drops on the 4H timeframe for HK50, across 375 candles since 2019.

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

Market Energy rose 4.4 percentage points from the previous candle — from -81% to -76.6%. This rise is larger than 24% of past rises on the 4H timeframe for HK50.

Do HK50 price and energy agree?

No. Price moved down while energy moved up 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 -81%, Bear Extreme — this candle kept the same state, no zone change.

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

At -76.6%, HK50 Index is 2.09 points from the upper boundary of Bear Extreme (-74.5%) and 23.41 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 Critical with energy 60.8%; GER40 (European equities) in Bull Bias with energy 32.5%. Against this backdrop, HK50 Index (Bear Extreme, -76.6%) 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 -25.1%. HK50 Index (Bear Extreme) and DXY currently sit on the same Bear side.

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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