Is it time for a Rebound?

INDEX:HSI   Hang Seng Index
75 3 8
Hang Seng tested ist longterm trend lower edge.
With the slipping through its EMA & SMA 200 a strong Sell-Signal appeared and led to it, that the Index crashed and closed the third day out of ist Bollinger Bands . It is a "falling-knife-situation"!
Statistically thats not "normal".
The probability that the Index jumpes back into ist BB is given now. A Rebound to the Minimum correction Level 38,2 fibo-retracement (24.610) can be exspected.
The Situation is strongly oversold, have a look @ the RSI .
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Absolute precision !

If the Index is trading below ist longterm lower edge @ 22.820, the next target can be the Maximum correction Level of the complete uptrend since 10/2011 @ 20.835
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