Riding the reversal? Not yet!Hang Seng IndexHSI:HSIChenQianYuRiding the reversal? Not yet! HSI HK50 🔥Buyers and Sellers having intense competition. It’s quite fierce. 🌻Today, seem the Sellers reclaim its control after a day of gain. 15 min Resistance 23212 Pivot 22997 Immediate Resistance 22858-22812 Current 22714 Target Profit Level 22681 Target Profit/Support 22598 - 22518 (recent Lower Lo) Gravity Trend Line - GTL 22930-22970 D/1H Resistance -/23517 Immediate Resistance 23026 /23100 Pivot 25584 /23017 Next Support 22207 /22172 Gravity Trend Line-GTL 24959 /23308 From D chart, 4H & 1H it broke the market structure and seller is in control. MACD had been moving within the bearish zone (i.e below zero level) since 27/28 May 2026) which it formed deadcross on 15May2026. Also traded below MA52; 25276 thereafter. Index continues hovering near the lower band -10% of Gravity Trend Line GTL i.e 22,463. For W chart its GTL lower band is at 25342 (it has been adjusting downward since week of 15 Jun that both MACD and Signal line crossing below Zero Line. This may kickstart its bear trend! Let's monitor closely. Not sure if it's a coincidence, the previous W chart MACD broke down to Zero Linel was on the week of 5Jun2023; and it reversed after 8 months-10months. Hence, if the cycle repeat, HSI gonna continue to extend its loss likely to 19600 The 23000 psychological support level broke last Thu/Fri and it reversed on early Monday. However, the gain was reversed again on 30June2026. Let’s check the W & M chart once today closed. Happy trading!