Hello Traders,
as of my last analyse, Hang Seng declined into the wave 4 area of one lesser degree @ 27532. Todays (Sept. 04) low @ 27563.8 may make this area a wave ((ii)) decline and a powerful, impulsiv move is next within a wave ((iii)) advance.
Todays session endet at 27985, within the span of a wave 4 of lesser degree and retraced the 0.382 FibRT, which is a common target for a“ZigZag“pattern!
So, we have both scenarios for the next hours and days on the table!
If the pattern, which is possible to count as a „five“, declined below todays 27563, a „ZigZag“ pattern is underway and has targets at the 27000 area!
If the move morph into a fresh new impuls the next zone of advance is well above the high at 29100 area!
Have a great day...
ruebennase
Questions and Comments are welcome!
Note!---> This analys can be wrong. It is just in my view the one with the most probabiltity with the Data which are available to me and by my interpretation of the EW Theory. If you trade this it is done by your own risk and decision! Keep that in Mind!!!
as of my last analyse, Hang Seng declined into the wave 4 area of one lesser degree @ 27532. Todays (Sept. 04) low @ 27563.8 may make this area a wave ((ii)) decline and a powerful, impulsiv move is next within a wave ((iii)) advance.
Todays session endet at 27985, within the span of a wave 4 of lesser degree and retraced the 0.382 FibRT, which is a common target for a“ZigZag“pattern!
So, we have both scenarios for the next hours and days on the table!
If the pattern, which is possible to count as a „five“, declined below todays 27563, a „ZigZag“ pattern is underway and has targets at the 27000 area!
If the move morph into a fresh new impuls the next zone of advance is well above the high at 29100 area!
Have a great day...
ruebennase
Questions and Comments are welcome!
Note!---> This analys can be wrong. It is just in my view the one with the most probabiltity with the Data which are available to me and by my interpretation of the EW Theory. If you trade this it is done by your own risk and decision! Keep that in Mind!!!