Hang Seng Index as of Nov 2, 2018

Hang Send Index weekly chart below.


1. Long term 3 pushes up completed at failure to clear the long term top

2. Up channel structure in potential trend change

3. As long as 2nd push up swing top (red zone) is not cleared, minimal downside target near midpoint of complete range (cyan zone)

4. 3 pushes up normal target is back to where it started (green zone)

5. If HSI manages to clear red resistance zone and hold above that on weekly closing basis, it will be able to challenge the all time high