Hang Seng index Approaching Resistance, Prepare For A Reversal
Hang Seng index is approaching its resistance at 29416.2 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 28788.6 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Ichimoku cloud also shows a corresponding reversal is expected.
Ichimoku cloud also shows a corresponding reversal is expected.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results