HSI Bearish Outlook with Potential Bounce at Key Support Level

2024年10月30日

HSI currently looks bearish, likely heading toward the significant support at 18,300 HKD—a level from which we historically saw a strong rally up to 30,400 HKD, aligning with the triangle pattern target. Upon reaching 18,300, there’s about a 90% chance of a bounce.
A bearish divergence also signals potential short-term downside pressure before a possible reversal.

Disclaimer: I'm not a financial advisor; please do your own research before making any investment decisions.

2024年10月31日

註釋

On 2H timeframe we can see that HSI broke down from a bearish pennant, and the retest failed, signaling a heavy downside

2024年11月27日

交易進行

The HSI is showing signs of a bullish reversal at the moment. Switching to the 4H timeframe reveals a falling wedge pattern in play, along with an ABCD pattern pointing to a potential target of 25,709. While it’s not confirmed yet, the signs of a reversal are becoming evident.

2024年12月9日

註釋

HSI has broken out of the falling wedge, with a target between 28.8k and 30k, bullish for Chinese stocks
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