How Hang Seng Index Buy Will Affect Your Retirement

Good day traders!

We're watching $Hang Seng Index (800000.HK)$ for a potential counter-trend buy setup.

And this is why:

1.) From the beginning of June 2022 to the present, the price has been in a descending trend on the daily chart.

2.) Seeking an immediate buy at 17210.

3.) The entry is motivated by the intersection of the 161.8% Fibonacci extension line and the -61.8% Fibonacci expansion line. Looking to play the bounce back up to the 19079 level, which contains the 38.2% Fibonacci line. Despite the market's bearish trend, this adds confluence to the buy.

4.) The Hang Seng Index is due for a pullback.

Is there anyone else who believes the same way?

Trade Entry recommendations:

Buy Entry: 17210

Take Profit: 19079

Stop Loss: 16139

Other tickers to recommend:

For 5x Long Leverage: $HSI 5xLongSG230420 (CWAW.SG)$

For 5x Short Leverage: $HSI 7xShortSG230920 (CZBW.SG)$