HK market trend analysis

This is the HKCEI.
Here is a screen shot of the constituencies.

maybe you can click this link to get a clearer picture.
http://www.aastocks.com/en/stocks/market/index/hk-index-con.aspx?index=HSCEI

The past 3 years weekly chart shows China market through this index is still not out of bear yet.
Take a look at this chart.

(1) The average trading range of HSCEI past 3 years is marked in light yellow.
(2) green circle was the spike out last year,
(3) and below the red line was Apr 2009 break out.
So looks like HK China listed companies are still not out of bear yet.

I have drawn 3 DTL (down trend line).
First break out (yellow line) fail.
Then the second break out (purple line) around Feb 2016 fail again (the index also hit a 3 month high).
Now a third line (pink) waits a fresh break out.

Maybe the big boys are shaking off weak holders. The bull is yet to wake up.

What to do? I suggest that you hold on to your portfolio and wait for recovering your losses. Or wait for opportunity to buy when the bull finally charge up again and break the third DTL.