HSI to climb from upside confirmation, potential bounce!HSI to climb from upside confirmation, potential bounce!
HSI to climb from its upside confirmation at 26789.1 where it could potentially bounce further to 27330.0.
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Hang Seng HSI
HSI, are we going to 31600 ?Here is all patterns i can see with current HSI structure.
At 31600, there is a bearish gartley (78%).
At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD .
I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level.
HSI could rally up to 31600, falls down 27400 and bounces back to 31600 again and higher...
HSI Daily Double Bottom 0.618 Long Opportunity It is interesting that we see there is a similar pattern shown in HSI: Double Bottom with 0.618.
Last time, the price reached 0.618 level and the price was supported to reverse. Now the double bottom formed and the price near the 0.618 level, it is an opportunity to BUY.
Sometimes, you might see similar patterns in the charts and its repeated again. The importance is what you will do if the pattern appears again!
Be Patient and Relax!
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Enjoy the trading itself, and you will be much better at it!
Thank you. This is TraderPig.