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HSI Hang Seng Index Technical Overview: Inverse Head&Shoulders Pattern

HSI Hang Seng Index Technical Overview: Inverse Head&Shoulders Pattern

HSI50 completed an Inverse Head&Shoulders Pattern.

Bearish Alt Bat completed and the Index retested the broken neckline at 26250.

The first targets of the I SHS Pattern: 27120

The structural target of the pattern: 27600

Bearish Butterfly Pattern would be completed at the TP2 of the I SHS pattern.

Area of the Short Entry: 27570 – 27610

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HSI Hang Seng Index Technical Analysis: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

 

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