Finally Showing You Hang Seng Index Monthly Buy Idea
Good day traders!
And this is why:
1.) On the Monthly chart, the price has been in a descending trend since the beginning of January 2021.
2.) Look for a possible buy entry at 15566.81, where many Fibonacci lines intersect, as seen on the chart attached to this post.
3.) I'm hoping to play a reaction bounce on that area back up towards the 21497.42 level, which is where the 100% Fibonacci line and overall 50% Fibonacci line are placed.
Is there anyone else who believes the same way?
Trade Entry recommendations:
Buy Entry: 15566.81
Take Profit: 21497.42
Stop Loss: 10676.29
Other tickers to recommend:
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HopelessChi : but the trend seem hopeless. shorting to floor 15,000