Hang Seng may fall to 17700 - 17850

Pivot

18170

Our preference

Short positions below 18170 with targets at 17850 & 17700 in extension.

Alternative scenario

Above 18170 look for further upside with 18265 & 18430 as targets.

Comment

As long as 18170 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

18430

18265

18170

17941 Last

17850

17700

17550

Number of asterisks represents the strength of support and resistance levels.