Short term view - HANG SENG index : The ADX is an excess area. The trend has been overly stretched.
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at 31,869.70 pts. It can resume at anytime towards the target at 34,080.00 pts.Arguments :
- The resistance has been reached, it causes the fall.
- The ADX is an excess area. The trend has been overly stretched.
- The gap just opened may be an exhaustion gap
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