I have not seen such one sided bias for this long in HSI in my 2 years of trading. Buyers continue to pour in on every small dip. It could be that the selling seen from 28300 till now is just dump along the way and we are not even at the start of a distribution range.
Looking back at the selloff from 2018, 29k-31k area might be skipped this time and major chunk of distribution might happen above it.
As of now, new all time high looks like just a matter of time.