We have had a Death Cross formation on that bottom and interestingly enough it is symmetrical with the Golden Cross in March. Since we already tested the 1W Support there are more probabilities now to resume the uptrend and reach at least the 0.618 level (currently at 28,200) like Hang Seng did on its 2019 top. Anything above that will be towards at least 30,200 (2019 High).
If however by any chance the index dip again to the 1W Support (the 2018 bottom was at 24,500) then that would be an even stronger long term buy signal towards the 33,500 ATH .
** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **
Comments and likes are greatly appreciated.