THE RISE AND FALL OF CHINA

  Jason Parker    
  Asian Indices
Take Profit
Hello traders,
If you are trading the Asian indices, so here's your chance to take a nice move.
Please note that the wing was used as support provided a springboard for the index over 3-4 times.
Then, the support was broken and switched to a significant resistance.
At the same time, the HANG SENG also broke the support of the 100 SMA, which gives us further indication of the switch to a negative trend.
The next destination of the HANG SENG at the moment is 2000 points (C).
The expected movement of the index marked by ABC.
All signs point to the elimination of holdings by the traders and the institutional investors. So, if you also want to be part of the clearance sales - open a short position.