Proceed with Caution

OANDA:HK33HKD   Hong Kong 33
HSI closed in a strong support region.

Fourth wave expanded flat is the preferred count as the selloff seems to hv good momentum but caution is required. Under this count, HSI will make a new low below 28000 and then rally towards 30000. ALT. Triangle.

28600-29000 area has seen very heavy volume traded recently. Expect the prices to hover in and around this area for some time.

Selling rallies with SL 29280 is the plan for now. Will update if things change.

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