Lat Thursday, Hang Seng broke up and closed above resistant. Next day (Friday), it continued the upside. Unfortunately, things turned around an hour before market closed. It end with a shooting star. Look at the parallel line that I drew. It turned around immediately after touching the top parallel line. Refer to the second charting, Hang Seng Future with T+1. A much obvious shooting star shown.
Last posted I mentioned about Taiwan and Singapore. 3 scenarios that may happen - retest, fault break up and a steep upside. ( http://achua138.blogspot.sg/2016/09/singapore-and-taiwan-have-strongest.html). So, what did you see? It fall under which scenario? Allow me show you one of the charting - Taiwan Future. You got the answer by now? If no, not a problem, I drew 2 more lines (in black) for you. One at the top right and the other one at the MACD. Top right a incline black line and the one at the MACD, a decline black line. So, what does that mean/show?
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