Hang Seng Cash
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HK50 POTENTIAL LONG OPPORTUNITY

Hello Everyone!

How are you all?

HK50 is an instrument to watch this week, because it is shaping up very nicely for a bullish move that we can capitalize on.

So, I will be looking for a bullish reversal because of the following reasons:

1. The overall trend is bullish.

2. The price has formed a bullish reversal structure.

3. The price is approaching the value area.

Game Plan:

If the price rejects at the VA and makes a bullish impulse followed by a 15mins flag with two highs and lows.

Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Chart PatternsMultiple Time Frame AnalysisTrend Analysis

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