HSI - Falling Trend Channel [MID TERM]

- HSI is in a falling trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 22780, ideally with an increase in volume, signals a further rise.
- The index has support at points 19500 and resistance at points 22600.
- The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well.
- The index is overall assessed as technically slightly negative for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

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