Weekly timeframe shows a clean breakout of structure as it clears through channel support with a bearish crossover on the 50EMA. Tentatively, price at the level of 5.30 becomes highly sensitive prior to ’08 crash as it was the ’07 highs. Market momentum seems to be building up through a ranging motion of price action (5.90~5.40). As observed, market is showing similar price action on the Daily, with the crossover of the 50EMA while lower highs are formed. My bet would be one that HKLand holds a high bearish probability. – at least for now. I’ve recently just gotten on Patreon, you can support more of my work while at the same time reaping some benefits....