HSI index got sold off badly on Monday due to the rising tension of Turkey / US sanctions, Effect still felt on Tuesday and the pullback of a newly launched games have caused Tencent to pullback 4% for the day (Tencent is one of the largest constituent). Tencent is trading at 800ema on H4. Plus technical wise HSI is trading the edge / lower part of the 2 years trendline. Expecting it bounce a little from here 200-300 pts. but when and if closes strongly below the trendline would trigger another sell off.
Comment:
Trade closed manually:
Trendline broken, more selling ahead.