gavinckt

HSI Bear patter from 2018

Short
TVC:HSI   Hang Seng Index
This is a prediction of HSI trend since 2018 using Wave Theory.

It was a complicated A wave with 5 waves inside caused almost 2 years.
A1 - Oct 2018
A2 - Apr 2019
A3 - Jul 2019
A4 - Jan 2020
A5 - Mar 2020 (the global pandemic concern)

Rebound from A5, It completed a B wave in 4 months.
BA - Apr 2020
BB - May 2020
BC - Jul 2020

Rapid rebound and completion of B wave, strong and quick correction C wave could be expected.
Personally it could be seen in Q4 2020.

Critical Level:
1st target: ~21139
2nd target: ~16800 - 17000
Last target: ~13300


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.