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

0Shares
Loading Facebook Comments ...

Leave a Reply