Hang Seng index of Hong Kong listed shares FX:​HKG33

H1|HKG33 EW Analysis.

Hang Seng Index will fall in either way

Possible Triangle Continuation figure

HKG33 waiting for a little rebond to enter long

The bearish AB=CD pattern is completing at 24432 level and the Supply Zone also locates at 24442-24489 levels. Meanwhile the RSI has been overbought. So it is good to sell at 24440-24490 levels when the price action gives signals in the PRZ. SL:above 24490 TP1:24170 TP2:24000 and further more

HSI is trading in a small tunnel after reaching 0.618.

HKG33,W

HKG33,M

SHORT FOR WAVE 2

SETUP - HKG33 in a wave 4 channel. Break to the up sidde will suggest 5 of 3.

I believe that the 2009 crash was a wave 1 of what should now become a bear market. The corrective nature of the rise since that time is in 3 waves with wave C being much weaker than wave A. We should now expect to see a wave 3 down for what one can assume is wave A of a larger correction.

SETUP - The break of the blue dashed will indicate the start of the impulse. Looks to me that wave 1 and 2 of 5 might be finished.Strong move up expected.

Accumulate longs in the low 20,000s.

Go long in box. We could be forming a major perma-bottom

The market has soared for a long time and now the price is pulling back the 0.618RET. Meanwhile the previous structure also works at this zone. So it is good to buy long at 21300-21700 when price action gives the signal. SL:below 20250 TP1:24400 TP2:25500 and further more

HKG33 Still in a correction channel, predicting reversal at marked zone.

HKG33 Still in correction channel. A break up would trigger long.

HKG33 almost breaking the correction channel. It seems the correction is over.