Daily Chart:
Cleary the index breaks the red resistance, and the next resistance would be at the blue down-trend line plus the fibs level, which is at around 21,500. The bullish cross at MACD further enhances this test.
Weekly Chart:
The index surged back into the triangle on Thursday last week. It is still moving inside the triangle. The top is at around 21,500, aligning with what the daily chart suggests. HSI is slowing moving to the vertex, and a big breakout/breakdown is inevitable. There is still around 2-3 candlesticks to go, but I expect we could see a large volatility within 2 weeks.
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