HSI Bull case
Since early 90s HSI entered a multi decade long trend that lasted till 22', when it fell 49%.
Subsequently the market has consolidated at 38.2% of the multi-decade rise. A frequently seen 61.8% retracement from the peak.
The play here was to wait for the Chinese market to consolidate in this region ,build momentum and retest the prevailing trend.
More info is needed to precisely understand which step in the consolidation to breakout movement we are in.
A divergence in the PVTOsc and a break into its positive value shows that we are close.
A support on the blue downward trendline is what we are now looking for , as a last indicator for the next leg up retesting or potentially breaking in the prevailing trend.
In terms of sizing a position, anything below the blue trendline, especially below purple horizontal should be viewed as a ball underwater.
Subsequently the market has consolidated at 38.2% of the multi-decade rise. A frequently seen 61.8% retracement from the peak.
The play here was to wait for the Chinese market to consolidate in this region ,build momentum and retest the prevailing trend.
More info is needed to precisely understand which step in the consolidation to breakout movement we are in.
A divergence in the PVTOsc and a break into its positive value shows that we are close.
A support on the blue downward trendline is what we are now looking for , as a last indicator for the next leg up retesting or potentially breaking in the prevailing trend.
In terms of sizing a position, anything below the blue trendline, especially below purple horizontal should be viewed as a ball underwater.
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