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Hang Seng index Approaching Resistance, Prepare For A Reversal

Short
Hong Kong 33 (OANDA:HK33HKD)  
Tickmill Broker  
OANDA:HK33HKD   Hong Kong 33
Trend Analysis Harmonic Patterns Chart Patterns Hang Seng HSI hangseng
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trendanalysis harmonicpatterns chartpattern hsi hangseng
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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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