HSI Long
HSI index got sold off badly on Monday due to the rising tension of Turkey / US sanctions, Effect still felt on Tuesday and the pullback of a newly launched games have caused Tencent to pullback 4% for the day (Tencent is one of the largest constituent). Tencent is trading at 800ema on H4. Plus technical wise HSI is trading the edge / lower part of the 2 years trendline. Expecting it bounce a little from here 200-300 pts. but when and if closes strongly below the trendline would trigger another sell off.
Note
Trade closed manually
Trendline broken, more selling ahead.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.