HSI
Added 2024-02-21 10:38:15 +0000 UTCSo we got the ascending triangle breakout today and the breakout above the yellow channel above 16600 that we have been waiting patiently for.
The top hit 16756 today which is a strong show of strength, as we have learnt here in this group, confirmation of support is key to confirm a reversal, we have not seen just yet.
Right now the price is at the historical green line at 16500, flipping this level to support first is certainly a good sign, next we want to see 16600 level flipped to support, then we can start getting excited.
But overall, good movement and good price action since policy makers decided to take action....especially at a time when the US markets, particularly Semi's and Ai companies start to stutter.
