HK50 WK1: XABCD 30-40% correction up next?(NEW)

HSI Cash CFD GLOBALPRIME:HK50

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HK50 WK1: XABCD 30-40% correction up next?(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: HK50 weekly chart overview/outlook
::: speculative XABCD setup
::: expecting major weakness soon
::: it's possible that we get
::: a few sessions in range lock
::: to develop the distribution setup
::: 30-40% mark down off the current highs
::: re-test near 16000/16500 points
::: STRATEGY: short sell any rallies
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
::: fundumentals also deteriorating fast
::: all the good news already priced in.
::: this is also important for CRYPTO
::: because next leg down in US stocks
::: may lead to mark down 30% in CRYPTO assets

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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source https://www.smartmoneymanagement.info/2021/09/hk50-wk1-xabcd-30-40-correction-up.html