Hang Seng Index (HSI) has started a rising wedge pattern since March 2020.
It has just broken the wedge pattern last Friday, closing low than 24814.
See if the breakdown is confirmed in the next 2 trading days.
If it goes back to the wedge, look for a SHORT at 26050 level in October.
The Risk / Reward Ratio is 1:5.6
Target: 21500 (Some main long term trend line support)
Stop Loss: 26850 (Above previous high)
It has just broken the wedge pattern last Friday, closing low than 24814.
See if the breakdown is confirmed in the next 2 trading days.
If it goes back to the wedge, look for a SHORT at 26050 level in October.
The Risk / Reward Ratio is 1:5.6
Target: 21500 (Some main long term trend line support)
Stop Loss: 26850 (Above previous high)