HSI today opened higher to around 20,880, which forms a false breakdown on weekly chart (unless it goes back to 20,500 in the next two days).
Daily Chart:
The index keeps moving between the red uptrend and lime downtrend lines. I predict HSI would surge to around 21,000, then will be resisted by the red uptrend line and fall.
Weekly Chart:
If HSI doesn't plunge to 20,500, there is a false breakdown. This might be a bullish signal leading the a breakout of the triangle.
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