market did rebound to the 274xx level as suggested
but it gaped up with great momentum and went past the 0.618 level to the 0.786 level of wave i
usually a wave C down would be swifter and wouldn't "stall" that much.
Market need to come down again fast or I'm a bit worried for the bears
An alternative count would be wave 4 is taking the form of a contracting...
market seems like heading to the direction suggested in my last idea
yet a deep wave ii seems underway. may see some rebounds to the 273xx-274xx area first before going down to finish the whole wave c at around 265xx-261xx area.
HSI has suffered from one of the biggest drops on 10 August 2017 in one month. The index had an upward bias since it made the recent low of 25199 on 5 July 2017 and made a recent high at 27876 on 8 August 2017. Investors like you may be concerned whether this upward bias is coming to an end.
From a technical analysis perspective, the upward bias of this index...