Today saw a huge surge in volume in the morning hour. Double the usual.
Next few days are critical.
From a bullish POV, HSI is now breaking out of a 10 week range with a high volume but to predict whether it truly is a break to the top or a trap, it is important to know what happened within the range and how the market approached the breakout.
To my understanding, it was distribution(as i have been pointing out in my previous posts) and there is very little left in it.
2 possible scenarios to top out are as drawn on the chart. Triangle(Blue). Ending Diagonal(Orange).
Regards
Next few days are critical.
From a bullish POV, HSI is now breaking out of a 10 week range with a high volume but to predict whether it truly is a break to the top or a trap, it is important to know what happened within the range and how the market approached the breakout.
To my understanding, it was distribution(as i have been pointing out in my previous posts) and there is very little left in it.
2 possible scenarios to top out are as drawn on the chart. Triangle(Blue). Ending Diagonal(Orange).
Regards
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.