munyaelliott
Long

Hang Seng (HSI) Buy Trade 2H Timeframe

TVC:HSI   Hang Seng Index
Price is in an uptrend on the daily and lower timeframes, and has just broken the 29 153.0 ceiling, which represents the previous high. It currently is 23 points (pips) below the 289 432.2 level, which has been tested twice previously ass support, though it was later broken through.
As a trend trader, I would wait for a retest of price towards previous high (29 143 area). That area is almost in confluence with the upward trendline , which can also be used as a buying level, once price gets close to it.
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