Hang Seng Index Future / 15m
Morning Post (2017-7-24)
HSI has been literally moving sideways (26,642-26,789) for the past 3 trading days. We were expecting a BO on the upside, however, the market has weakened during Friday night and dropped to the bottom of the consolidation zone (26,642-26,789).
As long as HSI stays above 26,642, the market still looks strong. In case the level is broken, next significant structure support would be near 26,400.
Trading Tips:
1. Look for a reversal confirmation at current level
2. If you want to SHORT, wait for a lower low to confirm a short term downtrend
HSI has been literally moving sideways (26,642-26,789) for the past 3 trading days. We were expecting a BO on the upside, however, the market has weakened during Friday night and dropped to the bottom of the consolidation zone (26,642-26,789).
As long as HSI stays above 26,642, the market still looks strong. In case the level is broken, next significant structure support would be near 26,400.
Trading Tips:
1. Look for a reversal confirmation at current level
2. If you want to SHORT, wait for a lower low to confirm a short term downtrend
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.