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Dec0der

Hangseng correction. Expanded flat or a Triangle?

Short
Hong Kong 33 (OANDA:HK33HKD)  
Dec0der  
OANDA:HK33HKD   Hong Kong 33
Elliott Wave hangseng hangsengindex hangsengforecast Hang Seng HSI
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elliottwaves hangseng hangsengindex hangsengforecast hsi
Hangseng appears to be in wave iv correction with A and B waves both unfolding in 3 waves. Wave C is currently under way.

In case of an expanded flat, it will break below 28000. Target area is 27800-600.

In case of a Triangle, wave C should end around 28550-600 area.

Once completed, wave v should advance to 30000-30300 area.

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