Finally Showing You Hang Seng Index Monthly Buy Idea

Good day traders!

We're looking at a potential buy setup for $Hang Seng Index(800000.HK)$

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:

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

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

Finally Showing You Hang Seng Index Monthly Buy Idea

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HopelessChi : but the trend seem hopeless. shorting to floor 15,000

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Lee Kuan Yew

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