Bullish Breakout Incoming
🔺 Key Levels and Setup
Falling Wedge Break: HSI consistently pulls back after breaking the wedge.
Demand Zone Strength: When the zone strengthens, it confirms the bottom.
Red Cloud Breakout: A close above the red cloud signals a rally toward 26K.
🔍 Technical Confirmation
📈 Daily Chart:
The
HSI on the 1-day chart mirrors the previous cycle, where:
1️⃣ It broke out of a falling wedge.
2️⃣ Surpassed the 50-day moving average before dropping back below.
3️⃣ The final candle before the rally was a bullish engulfing pattern—just like now!
📉 4-Hour Chart:
Five bullish reversal indicators align:
RSI, CCI, OBV, VWMACD, and CMF.
With this strong confirmation, I can confidently state that the HSI has bottomed out and is heading toward 23K in the short term.
🚀 Prediction
Chinese stocks are flashing bullish signs. Once HSI clears the red cloud, expect sharp upward momentum toward 23K and eventually 26K. The breakout is imminent – get ready for the surge!
Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.
Falling Wedge Break: HSI consistently pulls back after breaking the wedge.
Demand Zone Strength: When the zone strengthens, it confirms the bottom.
Red Cloud Breakout: A close above the red cloud signals a rally toward 26K.
🔍 Technical Confirmation
📈 Daily Chart:
The
HSI on the 1-day chart mirrors the previous cycle, where:1️⃣ It broke out of a falling wedge.
2️⃣ Surpassed the 50-day moving average before dropping back below.
3️⃣ The final candle before the rally was a bullish engulfing pattern—just like now!
📉 4-Hour Chart:
Five bullish reversal indicators align:
RSI, CCI, OBV, VWMACD, and CMF.
With this strong confirmation, I can confidently state that the HSI has bottomed out and is heading toward 23K in the short term.
🚀 Prediction
Chinese stocks are flashing bullish signs. Once HSI clears the red cloud, expect sharp upward momentum toward 23K and eventually 26K. The breakout is imminent – get ready for the surge!
Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.
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.