bruceyam

The way 4 of the Hang Seng Index rally should ended at 28973

Short
TVC:HSI   Hang Seng Index
In the last update back in Nov 2018, I have point out that the HSI is going to have a sharp rally and test at least 28000. the latest update is that the ultimate target or sweet point to short sell HSI is 28973. and we should look for at testing or 24000 and below. the stochastic now is in overbought, any sign of reversion in candlesticks pattern means the end of the rally.
Comment: since the low point of wave one is 29200. so any rebound from low should not surpass 29200 or we should look for a wrong wave count and risk of retest last year high 33484 or even higher. but we should also bear in mind that the wave high can perform a failing wave 5 ( which wave 5 high is lower than wave 3 high) so let's see how the story unfold. at this moment, the short sell should be called off.