HANG SENG Bearish for the next 2 months.

Hang Seng (HSI1!) is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The dominant pattern is a Channel Down and as long as the 1D MA200 holds as a Resistance, we will continue selling every Lower High.

The structure of the pattern is similar to the 2021/22 Channel Down. Once the 1D MA50 breaks again, we will have a confirmed sell signal, targeting the bottom of the Channel Down at 14500.


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