Technical analysis

HSI50 Wave Analysis – 7 April, 2022

HSI50 Wave Analysis – 7 April, 2022

• HSI50 reversed from resistance level 22655.00
• Likely to fall to support level 21275.00

HSI50 index recently reversed down from the key resistance level 22655.00 (former support level which has been reversing the price from the middle of December).

The downward reversal from the resistance level 22655.00 started the active impulse wave (c).

HSI50 index can be expected to fall further toward the next support level 21275.00 (low of the previous minor correction (b)).

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