Hang Seng to trade 21000 or 22500 in next 7 days

Investors in Hangseng Index are in a confused state of mind for the last 3 months. Whenever the index trades near 23000, investors holding the view, central banks would not let the inflation turn into hyperinflation exchange the index for cash. On the other hand breakdown towards 21000 attracts the investors sitting on sidelines. The chart shows that approximately within 15 days Hangseng moves from 21000 to 23000 and then a cycle is completed by Hangseng dropping to 21000 in the next 15 days.

Betonmarket offers various products through which we can make money if the above mentioned turns into a reality for 4th consecutive time. We can place a bet that within next 7 days Hangseng will either trade at 21000on the lower side or at 22500 on the higher side, this bet can fetch us 2 USD for every 1.2 USD invested. This bet is a type of Boundary Bet and it is called Breakout Bet.

The other variants of this bet are

One Touch

This means the index should touch a specified target pre decided by you within the expiry period , the larger the difference from current price, the more you stand to gain. If the index doesnt have a shave with your target you lose your initial investment

No Touch

This means the Index should not touch a specified target, obviously decided by you, before the expiry of the bet. If it does you lose money.

Barrier Range

For a successful execution of this bet, the index should trade within the specified targets till the expiry period, if it moves past the specifies range you lose your money.

There are also Expiry bets and Double bets which I would explain later