Hang Seng Index (HSI) has started a rising wedge pattern since March 2020.
It has just broken the wedge pattern last Friday, closing low than 24814.
See if the breakdown is confirmed in the next 2 trading days.
If it goes back to the wedge, look for a SHORT at 26050 level in October.
The Risk / Reward Ratio is 1:5.6
Target: 21500 (Some main long term trend line support)
Stop Loss: 26850 (Above previous high)
It has just broken the wedge pattern last Friday, closing low than 24814.
See if the breakdown is confirmed in the next 2 trading days.
If it goes back to the wedge, look for a SHORT at 26050 level in October.
The Risk / Reward Ratio is 1:5.6
Target: 21500 (Some main long term trend line support)
Stop Loss: 26850 (Above previous high)
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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.
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.