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HSI | bearish 1-2-3 reversal pattern
Hang Seng Index Futures
Short
HSI | bearish 1-2-3 reversal pattern
By kenchan0824
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May 12, 2020
7
May 12, 2020
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
123pattern
Candlestick Analysis
Engulfing Candle
falsebreakout
priceaction
Support and Resistance
Wedge
kenchan0824
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