A Han Seng Index Trade Early Monday morning

Hello everyone,

The markets are slightly ruffled lately and there is an opportunity to short HS50 on Monday.

Trend:

W1: Up
D1: Down
H4: Down

Moving Average:

Below the Daily MA
H4 pointing downwards

Pattern:

Gartley on M15

Strong resistance at 16450.

Target is 16000

Double top on H1 and lots of divergence

Stop loss of 40 pips and a target of 120.