The HSI (Hang Seng Index) chart is targeting 16,888.
The risk-to-reward ratio (R/R) is reasonably set at around 1:4. It is assumed that the liquidity at 19,500 is positioned for the 16,888 level. The HSI is preparing for the 16,888 support level. If the HSI continues to stay below 18,165 as of Friday, August 18, 2023, there is a strong chance of targeting 16,888.
The risk-to-reward ratio (R/R) is reasonably set at around 1:4. It is assumed that the liquidity at 19,500 is positioned for the 16,888 level. The HSI is preparing for the 16,888 support level. If the HSI continues to stay below 18,165 as of Friday, August 18, 2023, there is a strong chance of targeting 16,888.
Trade closed: target reached:
