HSI - Falling Trend Channel [MID TERM]

- HSI is in a falling trend channel in the medium long term.
- This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 20786, ideally with an increase in volume, signals a further rise.
- HSI is between support at points 19400 and resistance at points 20800.
- Overall assessed as technically slightly negative for the medium long term

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN

Verify it first and believe later.

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