20221017 Hang Seng Index HSI
October 17, 2022 “Grand Cross Zone 98— Same as the Ultimate Drop? Or all of a sudden I see the bottom 25”
Hang Seng Index opened at 16588, high at 17029, low at 16535, close at 16588, up 198 points. The transaction amount was $1019 billion.
Last Friday's morning and afternoon performance was simply abysmal. The mood in the morning was like a rainbow. Below, a candle with a shadow line came out. We made a small crossbar zone consisting of friends for three to four days. The resistance of the small crossbar zone is at 17050, which is the daily high and low that was written next Thursday. The previous day's high is a high solar candlestick appearance and 10 antenna safety points in the past 5 days. The high was set at 17041 on Wednesday, so Friday's high was higher than this high candle, and in the end it fell short of this level, and more candles were added. The failure and weakness of the Hang Seng index movement was simply worse than imagined, and even with a small bounce, such a good chance will be repeated for the time being The chances of another test low falling to 16100 to 15900 remain unchanged for the time being, if not supported by special news, the situation will not change for the time being. Down to the middle.
If the code starts past 17050, there is a chance of a rebound, now we can only wait for the Hang Seng Index to show a sideways movement to replace a downtrend or a sharp drop...