10-10-2023, 01:53 PM
To answer where the HSI is head look at the charts. Those trained in technicql analysis can see very clearly what is happening. If you are not familiar you should pay attention.
From the chart we can see a downward slopping channel.
Every time the HSI tries to temporary rally and touch the upper bound of the channel the rally will fail and HSI resumes its fall.
Professional traders look at the big technical picture they don't just see 2 days of rise and conclude the worse is over....this is wrong.. In fact most of the rally in this down trend is just 2 days then market resume down trend ...
We can see the trend is still down and traders lose money when they oppose trend.
From the chart we can see a downward slopping channel.
Every time the HSI tries to temporary rally and touch the upper bound of the channel the rally will fail and HSI resumes its fall.
Professional traders look at the big technical picture they don't just see 2 days of rise and conclude the worse is over....this is wrong.. In fact most of the rally in this down trend is just 2 days then market resume down trend ...
We can see the trend is still down and traders lose money when they oppose trend.
![[Image: zwlJceM.png]](https://i.imgur.com/zwlJceM.png)
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