Bear is here. HSI Suppose it goes according to the proposed head and shoulders pattern, the next target would be over 5000 points downwards. I will update once per week.
bearish view. Btw should be rebound in short-term.
andrewau2014
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@MatthewKan, I think it will retrace DJI's future drops.
Matthew852
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@andrewau2014, Yup, there may still have some retracement for HSI provided that the correlation between HSI and DJI are high. However, there is a support at about 23300 for DJI (long-term trendline). I think it is good to decide and prepare for a short position, btw at least the price should drop below 23300 for DJI. Then I may decide to short HSI there is a high possibility that a H&S top may be constructed in HSI.