When checking the Hang Seng Index HSI
monthly chart, you can see the HSI
has finished the wave 1 to 5 and starts to go from wave A - C. HSI
is now testing the strong resistance at aound 29,000 to 29,100. If this resistance cannot be breakthrough, it is likely that HSI
will start to go in wave C. According to the Fib, the first target will be 22843 which is 0.5 level of Fib extension. If the bearish
force won't stop at this point, it may test the 0.68 level, that means 20331.