Today HangSengIndex drop as expected, therefore the main point is, will the retracement will end at tomorrow 20/8/21?
According to our analysis, we expect that August will be the month of retracement of HangSengIndex. This week will decide whether the index will rebouce or keep dropping, we expect 20/08/21 will be the last drop of HSI. If next week monday, the index break through the bottom support line of 24755, it might start to drop more faster than expect, but if rebouce and rise at next week, we expect it might rise back to 26800 next month. Or, 3RD possiblility, is that it might go as pattern (3) as the chart listed, and continue retracement until the end of August or Half of September
SORRY ABOUT THE POOR ENGLISH AND HOPE EVERYONE MAY EARN PROFIT IN FUTURE.
According to our analysis, we expect that August will be the month of retracement of HangSengIndex. This week will decide whether the index will rebouce or keep dropping, we expect 20/08/21 will be the last drop of HSI. If next week monday, the index break through the bottom support line of 24755, it might start to drop more faster than expect, but if rebouce and rise at next week, we expect it might rise back to 26800 next month. Or, 3RD possiblility, is that it might go as pattern (3) as the chart listed, and continue retracement until the end of August or Half of September
SORRY ABOUT THE POOR ENGLISH AND HOPE EVERYONE MAY EARN PROFIT IN FUTURE.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.