HSI | Daily TF
Key levels to watch:
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
If you like my analysis, don’t forget to boost, share & follow for more global index setups and price action ideas.
- Hang Seng Index is showing a clean recovery structure on the daily timeframe with multiple higher lows forming after the March correction.
- An inverse Head & Shoulders pattern is visible, and price is now reclaiming the neckline zone around 26,200–26,400. Bulls are slowly gaining control as dips are getting bought aggressively.
Key levels to watch:
- Neckline support: 26,200
- Immediate resistance: 27,000
- Major breakout zone: 28,100
Sustaining above the neckline can trigger a momentum move towards 27k+ levels, while a breakout above 28,100 may open doors for a fresh bullish rally.
As long as price holds above the support zone, buy-on-dips structure remains intact. Volume expansion near breakout levels will be the key confirmation signal.
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
If you like my analysis, don’t forget to boost, share & follow for more global index setups and price action ideas.
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.
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.