HSBC made a rally in February 2023 right up into resistance formed by the prior high in February 2022.
Then HSBC made a beautiful retrace right to my Roadmap line – The big orange line moving across the chart.
This sets HSBC up for a nice entry on a move above $37.50 for a target at $41.
Don’t jump the setup early, because the whole pattern breaks down if HSBC drops down below $32.
Have a great week!
Jeffry
