Is it the time to Buy the Dip?

As you can see from 1D chart - the MACD & Signal line both are on downtrends.

Be cautious if the MACD fast line break below the zero line.

From W chart, you can see the MACD & Signal lines are both staying zero line i.e bullish mode but on a weaker momentum ( the KDJ is on bearish zone and the MACD histogram with ligher green). Also the MACD line (blue line) seems forming a curving down movement.
The next Support level at 18186 (the sudden surge on the 26Sept2024 +1239.06;6.41% that day)

From 1h chart, at point of commenting it seem that the index is on Bearish mode, it might take a while to rebound to previous support level (the new resistance ) at 19500-19520.
You may not want to open bullish too early if it's not break through the level.

Shorterm
Bearish - it seems the index will continue to be downtrend based on 4h BB; but SL at 19834, you may set TP at 19146 (the next support level)

Peoples Sell on News
tradingview.com/news/reuters.com,2024:newsml_L4N3ML0AG:0-china-hong-kong-stocks-dip-as-property-tax-incentives-fail-to-impress/
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From Reuters : China and Hong Kong stocks fell on Thursday after Beijing's latest measures to revive the struggling property sector failed to boost investors' mood.
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Longterm
Let's continue to monitor the D chart with MACD & KDJ indicator if there is clearer signal to take position.
While waiting let's zen with 🍵 & 📙

ChenQianYu

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