Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events.
This is causing friction between Hong Kong and China and there have been violent protests for several months over the current situation. Hong Kong property market is also one of the most expensive in the world.
Due to the current climate of uncertainty and looking at the chart of the Hong Kong top 50, it looks very to me.
Price has dropped out of a large , that H+S dumping price to below the major level. Price looks like its trying to break resistance but I think with whats going on right now it wont.
Quite simply if the price breaks resistance, holds resistance and moves up then that will make my stance invalid.
But because I am I am looking for weakness here. Repeated failures at resistance means the price will be going lower.