Hello Traders,
HangSeng gaped to a high @ 28561 this morning. Today`s gap can be classified as a „common“ or „acceleration“-gap.
As I wrote at yesterday's analysis, the low @ 28087.9 (closing price) was a wave „4“ of lower degree and the next move is up to new highs to my view. A possible target range or a new high is around the 29000 points area.
Only a close below yesterday`s 27977 will rescind this forecast.
Have a great Friday...
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
HangSeng gaped to a high @ 28561 this morning. Today`s gap can be classified as a „common“ or „acceleration“-gap.
As I wrote at yesterday's analysis, the low @ 28087.9 (closing price) was a wave „4“ of lower degree and the next move is up to new highs to my view. A possible target range or a new high is around the 29000 points area.
Only a close below yesterday`s 27977 will rescind this forecast.
Have a great Friday...
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!