Keep moving on the roof of the ascending channel. Since broke the long term down trend last Q4, HSCEI keeps strong. The next stop would be the down trend started from 2015. It is around 12800. Keep 100% Long position.
HSCEI is tracing minor wave 3 up of the primary impulse wave that just came out of a bullish primary triangle. Price should reach levels higher than 11,100 for the top of minor wave 3. If price crosses down 9,300 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
HSCEI just crossed up the primary triangle that ended cycle wave IV. This setup should push prices to more than double the current value in a period of 2 to 4 years years.This analysis should be reviewd if prices crosses down 9,500. FOLLOW SKYLINEPRO TO GET UPDATES.
Hang Seng China Enterprises Index is finishing a primary degree triangle pattern. It is currently in the last leg of the Intermediate C wave. When complete, wave E ends, as well as cycle wave 4 and price should boost in a long term move up during a cycle wave 5 up
While 245 gap down 2 weeks ago, HSI still trades below the gap resistance.
It's believed that DOWS and Nikk has the selling signal by Tanken has cut their Kijun on daily chart.
Sell HSI/ HSCEI when rebound. It's holiday tomorrow, let's see on Wed.