HK50 – Chart Pattern – Falling Wedge
HK50 is heading toward the support line of a Falling Wedge pattern and could reach it within the next 12 hours. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back to current levels.
*** Risk Warning: Trading in securities involves significant risk. Prices may fluctuate and securities may become valueless. Losses may exceed deposits. These products are complex and require appropriate knowledge.
Open Trading Account Try a Free Demo