Tickmill
Short

Hang Seng index Approaching Resistance, Prepare For A Reversal

OANDA:HK33HKD   Hong Kong 33
Hang Seng index is approaching its resistance at 29416.2 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 28788.6 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support).
Ichimoku cloud also shows a corresponding reversal is expected.
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This analysis is provided as general market commentary and does not constitute investment advice.
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