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HK50 WK1: XABCD 30-40% correction up next?(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
πΈ Summary and potential trade setup ::: HK50 weekly chart overview/outlook ::: speculative XABCD setup ::: expecting major weakness soon ::: it's possible that we get ::: a few sessions in range lock ::: to develop the distribution setup ::: 30-40% mark down off the current highs ::: re-test near 16000/16500 points ::: STRATEGY: short sell any rallies ::: good luck traders πΈ Supply/Demand Zones ::: N/A ::: N/A πΈ Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH ::: fundumentals also deteriorating fast ::: all the good news already priced in. ::: this is also important for CRYPTO ::: because next leg down in US stocks ::: may lead to mark down 30% in CRYPTO assets
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.