Hsi can breakout from this consolidation any moment now. If it breaks down then going Long below the previous swing low at 17500 is a no brainer. Give your trade some room as they may try to hit the SL below 16800.
If it breaks up then we will have to watch the resistance to higher prices to determine if the market has bottomed and is starting a big move up or if more accumulation needs to happen.
If it breaks up then we will have to watch the resistance to higher prices to determine if the market has bottomed and is starting a big move up or if more accumulation needs to happen.