The Hang Seng Index ( $HSI(HSI)$ ) tracks the largest and most liquid companies listed on the Hong Kong Stock Exchange, spanning sectors from technology to financials and property. In this analysis, follow the technical chart story of HSI from ‘Long-Term Resistance → Multi-Year Support/Resistance Zone → Head and Shoulder Breakdown → Possible Support.’ ① Long-Term Downtrend Resistance (Monthly Chart) On the monthly chart, HSI has been capped by a descending trendline drawn from the 2018 highs. Price action over the past two years has been forming a series of higher lows and higher highs, bringing the index back up toward this multi-year resistance line. ② Multi-Year Support/Resistance Zone — Now at Possible Support The same monthly chart shows a hor