Hang Seng...All of the correction?!

TVC:HSI   Hang Seng Index
74 0
Hello Traders,
Since the high @ 29214.8 Hang Seng is in a corrective phase, declining to 28201 and has since retrace more than of a 0.88 Fibonacci!
The move to 28201 is either all of the correction, may within a wave (iv) or it is part of a longer lasting a-b-c pattern that will last more serveral days.
If the first view is to favor, at 28201 had begun a fresh new impulsiv move up, that will lead HS to new highs well above the seen levels now and finish wave (v) of ((i)). A possible targetzone is around ~29427-30187.5. Both are target areas of a 0.618 and a Fibonacci of 1 (equal) of the distance of wave (i), black!

If the alternate move will come to favor, HS will decline within a sharp and strong move to the downside, may below the 28201 to finish wave (iv). A common target is around the 27582 zone, which is the 0.382 Fibonacci of the possible wave ( iii )! But within a „flat-correction“ at a wave (iv), flat`s sometimes just retrace only a .236 Fibonacci of wave ( iii ) and this behavior was the case at 28201! So the odds do support a wave correction at all at 28201!
Moreover, Hang Seng is advancing higher since the low at January 03,2019! this is a long streak and nothing will last for ever. So sooner or later, I await a correction fhigher degree, that will catch most traders on the wrong foot.

Have a great weekend...

Feel free to ask or comment. 
Trading this analyze is at your own risk!
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