Is The Reversal End? Will the rebound party last?

HKG33

Is the Index rebound strong? Based on the 1h chart, you know the answer.

*What is the range to look out for?
* 10EMA crossing down 52EMA on 1h chart. Not good.
*MACD signal break through zero line level indicate bearish mode. Histogram bearish color in deep red like the index. Required "blood/live" to boost.
* From the Money Flow Profile : 20208.39 level shown the selling pressure with huge volume. You know where to get the indicator and how to read it.
* KDJ Indicator, kind of confirming the bearish zone for the hour.

*Consolidation area : 19750-20300(the index dance between the rangebound)
as mentioned in previous post reaccumulate at 19730-20300.

D Chart

* Price 20165.88 closed below 52EMA - 20354.18 (Down 171.28; -0.84%)
* For the Week, as of today - it is still gaining 391.15 +1.98% from Open : 19,774.73 on 9Dec24.

Let's continue to monitor and see if the authority fiscal policy benefit and boost the reversal.

Happy Trading!