HK50 short ideas (short-term)

10월 2일

HK has had a strong rebound. I hope traders are enjoying the profit or dividend payouts. However, the November month usually comes with bare movements (check the last 2-3 years). A retracement is also needed from the long downtrend breakout. Wait for your retracement confluences to enter.

I suggest you take partial profit and add a sell position 22 600 and TP 20 190. I am expecting setup 1 but setup 2 is also probable.

Remember to not over leverage your open positions and practice good risk management on this.