HK50 recently reversed down sharply from the resistance area lying between the key resistance level 25000.00 (former yearly low from 2019), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse (C) from January.
The downward reversal from this resistance area started the active short-term corrective wave 2.
HK50 is expected to fall further toward the next support level 23000.00 (target price for the completion of the active wave 2).
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