Head and Shoulders on HKG50 / Hang Seng IndexHang Seng Index FuturesHKEX_DLY:HSI1!AlchemyMarketsSimple chart pattern spotted on HSI. If this neckline breaks, we need a 1H close below the neckline, combined with a bearish retest of the neckline. The pattern itself is clean, but the reason why caution is needed is because of this earnings week. If AI proves to be solid in the US markets, HSI could see some run-on bullishness. Technically we also have a bullish trendline break, and supportive market gap that could provide a fakeout of this pattern. Either way - downside targets are towards $24,700 Upside targets are 26K, 26.6K, and 27K Trade smart, trade cautious, and this is not financial advice.