No good news at all as the HSI drove off the cliff...
The weekly chart shows that two weeks ago, the support was broken, and all technical indicators are bearish.
The Fibonacci projections put the downside target at 14,600. A very substantial downside burn.
Only green shoot observed is a possible bullish divergence forming...
The daily chart shows the accentuated off the cliff type of slide down. It is a little dramatic and should be looking for some consolidation around the 16500 level.
The weekly chart shows that two weeks ago, the support was broken, and all technical indicators are bearish.
The Fibonacci projections put the downside target at 14,600. A very substantial downside burn.
Only green shoot observed is a possible bullish divergence forming...
The daily chart shows the accentuated off the cliff type of slide down. It is a little dramatic and should be looking for some consolidation around the 16500 level.
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Related publications
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.