Black Friday saleUp to 70% OFF
Hang Seng Index Futures
Short

HSI | bearish 1-2-3 reversal pattern

By kenchan0824
  • the strong red bar that broken the wedge a few days ago signaled the start of 1-2-3 pattern
  • at point 3 today, it will be an strong engulfing pattern
  • it is also a false breakout of 1) horizontal resistance, 2) a long-term downward trendline and 3) 50 SMA
  • I have three indices in mind: NASDAQ > SP500 > HSI, and HSI is always the weakest candidate for short
  • China's failure to obey trade deal could be the fundamental catalyst for this selloff
123patternCandlestick AnalysisEngulfing CandlefalsebreakoutpriceactionSupport and ResistanceWedge
kenchan0824

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.