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Sep 5, 2020 2:22 PM

HSI Rising Wedge Pattern 

Hang Seng IndexTVC

Description

Hang Seng Index (HSI) has started a rising wedge pattern since March 2020.

It has just broken the wedge pattern last Friday, closing low than 24814.

See if the breakdown is confirmed in the next 2 trading days.

If it goes back to the wedge, look for a SHORT at 26050 level in October.

The Risk / Reward Ratio is 1:5.6

Target: 21500 (Some main long term trend line support)
Stop Loss: 26850 (Above previous high)
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