HSI on the weekly chart showed the TD 9 and force 9, the downtrend was in the short term exhausted range, refer to daily chart the energy indicator showed the bottom divergence. HIS index started to rebound from this point.
After the rebound showed the Force 9 at top, the momentum of rebound was used out, so the current market showed the retracement.
Yesterday HSI index show a bottom fractal with gap up, and it is on above green line now, potential the rebound will be continue, to reach the red band resistance level.
After the rebound showed the Force 9 at top, the momentum of rebound was used out, so the current market showed the retracement.
Yesterday HSI index show a bottom fractal with gap up, and it is on above green line now, potential the rebound will be continue, to reach the red band resistance level.