Hang Seng Cash
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HK50 POTENTIAL LONG OPPORTUNITY

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Hello Everyone!

How are you all?

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

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

1. The overall trend is bullish.

2. The price has formed a continuation structure.

3. The price is approaching the value area structurally.

Game Plan:

If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows.

Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.

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Got first entry - risk entry.

Second entry could be a 15m flag.
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At BE

Structure still valid.
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Chart PatternsMultiple Time Frame AnalysisTrend Analysis

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