leonggw

Flat Top near ending

Long
HSI:HSI   Hang Seng Index
Flat Top is confirmed and almost come to an end. Recently there aren't much negative news about HSI, so I assume it will continue the Flat Top pattern.

Tracing the hidden red line also a fine support for the current trend.

1h Fib Retracement is drawn, Fib 2.618 is quite a support for most of 1D candles.

RSI also around 50, it's been sideways since it retraced.

Let's update when it manages to break 29100.
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.