AvaTradeHong Kong Hang Seng Index Futures (H4) For Intraday: Proceed with Caution.
2024-03-20 11:49:19
Pivot Point: 16700.00
Trading Strategy: Below 16700.00, bearish with a target price of 16430.00, followed by 16350.00.
Alternative Strategy: Above 16700.00, bullish with target prices set at 16820.00, followed by 16900.00.
Technical Commentary: As long as the resistance at 16700.00 remains, there is a bearish trend in price fluctuations.
(Provided by a third party for reference only)
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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Technical Analysis is a financial market analysis method that predicts future price trends by statistically and graphically analyzing historical data such as prices, trading volumes, and indicators.
On the first anniversary of the Inflation Reduction Act (IRA), U.S. President Joe Biden highlighted this landmark legislation to the public. However, surveys show that many people are still unfamiliar with its contents.
Fed Chair Jerome Powell stated the strong U.S. economy allows for a measured pace in adjusting interest rates, pressuring the stock market to decline while Treasury yields rise.
The Engulfing Pattern is a Japanese candlestick formation used in technical analysis to assess and predict market trends. It consists of two consecutive candles and is commonly used in stock, forex, and other trading markets.
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