Hello Traders, the same as for the N50 analyse is true for Hang Seng. Not much new to add. Hang Seng is working with the last low at 206067.5. The up move that started at this level is clear a three wave move. While there is low opportunity that the running move is a “expanding-flat” within a wave 2 of lower degree, the low must be in place and a sharp and strong advance has to occur. Any decline below the lower trendline indicate a new low at the targetzone at 26000-25200. The countertrend is clear a “three” up, and the less no. of point it has make will favor the idea, that it is a countertrend at a lower degree and the correction down is not done. At the other hand, the decline to the fresh new low is able to count as five down!? You still see, there are to many “if`s” and “when`s”. Step beside, enjoy whatever and wait for clear pattern.
Have a great week… 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!!!
@Chris_mok,
Hi, yes, target is close to reach. Hands off for shortterm, while panic is underway. Check Vola if it jumps to new highs shortterm....Let the market swing off...