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Everyone blame the recent Hang Seng Index deep was due to the influence of the China Stock Market. One thing for sure, nothing can stand by its own. Everything is influence by its related market. Hong Kong economy is definitely related to China.
Read the below article for more supporting info.
Key Hong Kong economic index up from four-year low but weak mainland China demand continues by South China Morning Post
To support the understanding lets look at the Hong Kong economy benchmark, Hong Kong Stock Index, Hang Seng Index near four (4) years data for more information, picture worth a thousand words. See the ^HSI Stock Chart for more.
Uptrend for Nearly Four Years – Hang Seng Index
Picture tells a thousand words, the stock chart of Hang Seng Index has slopping up. The price action keeps forming a Higher Low.
May be this is a good time to study the top. Since after a long, four years of slopping up and now hit a fall. Let overlay the chart with the Gartley Reversal Strategy.
Gartley Reversal Strategy is either a double top, or Head and Shoulders. Have fun!
Hang Seng Index ^HSI Analysis
In trading you can trade either a big picture; long term or very long term, or closed up view, a short term or very short term. The above chart is for long term analysis. The following one can consider a short term or not very short term. Trade with care and have fun!
July 23, 2015 Hang Seng Index
Thanks for visiting the website.
Moses
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