Johnkiew

Hang Seng - Rebound reach 50% retracement

HKEX:HSI1!   Hang Seng Index Futures
Hang Seng reach a conservative projection target yesterday, it went higher to reach 10 golden ratio multiples (1.618^10) & 50% retracement level on the left.

The rebound has not prove to be a reversal yet, as price did not go higher than correction zone 26990 & 27575, primary trend remain downtrend. Trader please trade with cautious as price will be volatile during correction phase.
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