HSBC is now below its 200 EMA
It still has to break 705 though and horizontal resistance will be stronger.
Also it's weekly chart is still in an uptrend.
Wait and see.
XPloRR S&P500 Stock Market Crash Detection Strategy
Long-Term Trailing-Stop strategy detecting S&P500 Stock Market Crashes/Corrections and showing Volatility as warning signal for upcoming crashes
Detecting or avoiding stock market crashes seems to be the 'Holy Grail' of strategies.
Since none of the strategies that I tested can beat the long term Buy&Hold...
My first idea !
1D:
! Previous resistance at 0.0061 tested 3 times!
!! Slightly stretched from KJ (thick blue curve), even more from EMA 50 (thin blue curve) which would suggest a need for correction.
!!! New All time high but Bearish RSI, usually not a good sign
!!!! If we correct, cloud is very thin so we could easily go through and start a strong bearish...
