2018 HSI Long-Term View

TVC:HSI   Hang Seng Index
405 1
HSI now in Elliot Wave 3 (Extension), the trend would move in the gann fan ,
Tagret would be 32246 (3.618) , 34086 (4.236) and 35223 (4.618), Year High would be reached during Apr-Jun.
since the third wave is extended fifth wave is less likely to be extended. the fifth wave target would be 1 or 1.62 of first wave. wondered what was the rationale of the 2.62 fifth wave target?
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