Price is currently consolidated between a tight zone of 27500 - 29200.
These two-level form the current resistance and support. Until either level is broken, it is best to stay away from trading the HSI as the direction is unknown. Trading within the range is not recommended as the movement is choppy and the range itself is very narrow. You can get easily stuck
The major support is at the 26000 levels. As long as this support is held, HSI remains bullish.
This consolidation does have a bullish bias overall. Would not recommend to short unless you are looking for scalping 3-4%.
Verdict: Slight bullish bias, but will remain sidelined for now as it is consolidation
These two-level form the current resistance and support. Until either level is broken, it is best to stay away from trading the HSI as the direction is unknown. Trading within the range is not recommended as the movement is choppy and the range itself is very narrow. You can get easily stuck
The major support is at the 26000 levels. As long as this support is held, HSI remains bullish.
This consolidation does have a bullish bias overall. Would not recommend to short unless you are looking for scalping 3-4%.
Verdict: Slight bullish bias, but will remain sidelined for now as it is consolidation