Short term view - HANG SENG index : The bearish gap opened as prices break out of the pattern announces a fall.
The trend is still bearish, the invalidation level is above 31,570.00 pts. The target is at 27,400.00 pts.Arguments :
- The major support has been breached.
- The ascending support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
- The bearish gap opened as prices break out of the pattern announces a fall.
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