bencameron21

HSI - Near Term Target

Short
HSI:HSI   Hang Seng Index
Descending triangle broke through with conviction on 24th March. Short term target = to the distance of the leg to base. Considered a head and shoulders, which would be even more bearish but didn't think the right shoulder had formed sufficiently (please let me know if you see different). With high yields, dropping oil prices and HK economy stalled can't see a short term catalyst to stop this fall.

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.