Riding the reversal? Not yet!
HSI
HK50
🔥Buyers and Sellers having intense competition. It’s quite fierce.
🌻Today, seem the Sellers reclaim its control after a day of gain.
15 min
Resistance 23212
Pivot 22997
Immediate Resistance 22858-22812
Current 22714
Target Profit Level 22681
Target Profit/Support 22598 - 22518 (recent Lower Lo)
Gravity Trend Line - GTL 22930-22970
D/1H
Resistance -/23517
Immediate Resistance 23026 /23100
Pivot 25584 /23017
Next Support 22207 /22172
Gravity Trend Line-GTL 24959 /23308
From D chart, 4H & 1H it broke the market structure and seller is in control.
MACD had been moving within the bearish zone (i.e below zero level) since 27/28 May 2026) which it formed deadcross on 15May2026.
Also traded below MA52; 25276 thereafter.
Index continues hovering near the lower band -10% of Gravity Trend Line GTL i.e 22,463.
For W chart its GTL lower band is at 25342 (it has been adjusting downward since week of 15 Jun that both MACD and Signal line crossing below Zero Line.
This may kickstart its bear trend! Let's monitor closely.
Not sure if it's a coincidence, the previous W chart MACD broke down to Zero Linel was on the week of 5Jun2023; and it reversed after 8 months-10months.
Hence, if the cycle repeat, HSI gonna continue to extend its loss likely to 19600
The 23000 psychological support level broke last Thu/Fri and it reversed on early Monday. However, the gain was reversed again on 30June2026. Let’s check the W & M chart once today closed.
Happy trading!
HSI HK50 🔥Buyers and Sellers having intense competition. It’s quite fierce.
🌻Today, seem the Sellers reclaim its control after a day of gain.
15 min
Resistance 23212
Pivot 22997
Immediate Resistance 22858-22812
Current 22714
Target Profit Level 22681
Target Profit/Support 22598 - 22518 (recent Lower Lo)
Gravity Trend Line - GTL 22930-22970
D/1H
Resistance -/23517
Immediate Resistance 23026 /23100
Pivot 25584 /23017
Next Support 22207 /22172
Gravity Trend Line-GTL 24959 /23308
From D chart, 4H & 1H it broke the market structure and seller is in control.
MACD had been moving within the bearish zone (i.e below zero level) since 27/28 May 2026) which it formed deadcross on 15May2026.
Also traded below MA52; 25276 thereafter.
Index continues hovering near the lower band -10% of Gravity Trend Line GTL i.e 22,463.
For W chart its GTL lower band is at 25342 (it has been adjusting downward since week of 15 Jun that both MACD and Signal line crossing below Zero Line.
This may kickstart its bear trend! Let's monitor closely.
Not sure if it's a coincidence, the previous W chart MACD broke down to Zero Linel was on the week of 5Jun2023; and it reversed after 8 months-10months.
Hence, if the cycle repeat, HSI gonna continue to extend its loss likely to 19600
The 23000 psychological support level broke last Thu/Fri and it reversed on early Monday. However, the gain was reversed again on 30June2026. Let’s check the W & M chart once today closed.
Happy trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.