Bullish Breakout IncomingπΊ Key Levels and Setup
Falling Wedge Break: HSI consistently pulls back after breaking the wedge.
Demand Zone Strength: When the zone strengthens, it confirms the bottom.
Red Cloud Breakout: A close above the red cloud signals a rally toward 26K.
π Technical Confirmation
π Daily Chart:
The TVC:HSI on the 1-day chart mirrors the previous cycle, where:
1οΈβ£ It broke out of a falling wedge.
2οΈβ£ Surpassed the 50-day moving average before dropping back below.
3οΈβ£ The final candle before the rally was a bullish engulfing patternβjust like now!
π 4-Hour Chart:
Five bullish reversal indicators align:
RSI, CCI, OBV, VWMACD, and CMF.
With this strong confirmation, I can confidently state that the HSI has bottomed out and is heading toward 23K in the short term.
π Prediction
Chinese stocks are flashing bullish signs. Once HSI clears the red cloud, expect sharp upward momentum toward 23K and eventually 26K. The breakout is imminent β get ready for the surge!
Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.