Sep 30, 2020
2 min read
Hang Seng Index Falling Wedge Setup with Strength ahead
In the H1 timeframe, Hang Seng Index (HSI) futures broke out from the falling wedge 3 days ago and currently in the backup action phase as a test of the impulsive up move. If it can retrace to the support around 23200 and reverse from there, the up move is expected to be strong. The detail explanation for the falling wedge long setup based on either the reversal or the breakout strategy are outlined in the video below (timestamp starts: 12:08) using S&P 500 futures as a case study:
