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Is the top in for HSI? Two thought provoking charts of Hang Seng Index

Hmmm…

Two charts of Hang Seng Index. First chart is a monthly chart captured yesterday from Investing.com going back to 2007. Second chart is a H4 chart from Axitrader MT4 today. Due to feed differences, corresponding levels on both charts may have different values.

Key features:

  • Pre-Subprime Crisis top back as resistance
  • False breaks spotted
  • Price action suggests re-test
  • 1-2-3-4 pattern
HK50 (HSI) monthly chart from Investing.com

HK50 (HSI) monthly chart from Investing.com

Axitrader MT4 HSI H4 chart

Axitrader MT4 HSI H4 chart

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Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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