Trade_Journal

HANG SENG - Could we get further decline?

TVC:HSI   Hang Seng Index
I took a short at the areas at the top, it was looking very over extended. The line I always use and think when I analyse and my life philosophy - What goes up must come down - and vice versa. But the key question is - if we go below further the trend line up, and we have clear further declined I would short the further decline. However, we are at a key area and test the areas of the highs again. Smaller time frames my indicate patterns or candle formation to validate further.

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