Last week, HK50 close back into the range as bearish. This week, pay attention to the two crucial level, 16369 and 16127. Overall structure from weekly is still bullish as long as it doesn't break the two level I mentioned.
For sell, the safest sell will be if 1 hour and 4 hour starts to close below 16127. There is plenty of room to go back down to 15450.
For buy, since we are now in the range between 16805 and 16369, it will be best to consider buy once the candle close above 16805. The overall TP can be 17614.
For sell, the safest sell will be if 1 hour and 4 hour starts to close below 16127. There is plenty of room to go back down to 15450.
For buy, since we are now in the range between 16805 and 16369, it will be best to consider buy once the candle close above 16805. The overall TP can be 17614.