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Hang Seng Index Futures
Updated

Hang Seng Index - Bullish and Uptrend but looks heavy.

121
Daily chart :-
+HSI is way above all key EMA20, EMA50 and EMA200 - BULLISH.
+Higher High and Higher Low intact - Uptrend
+EMA50 is about to cross above EMA200 - Uptrend.

! BUT Higher Low spotted on momentum indicator - BEARISH DIVERGENCE)
! Dark Cloud Cover formation formed at Channel Resistance.
! HSI move up with weaker volume.

Bull is getting weak and may take a break.
opportunity to swing short if price breaks and stay below 28200

Next support 27800.

Trade closed: target reached
First target hit at Resistance turned support 27800-850
expect to bounce and range bounce as traders mostly out for long festive holiday.
kgiap123
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Chart PatternsTechnical IndicatorsTrend Analysis
kgiap123
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)

tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
Also on:

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.