Hang Seng index of Hong Kong listed shares

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.

HKG33 on wave 4 channel, wait for the break up

As predicted last week, price is breaking up out of the triangle.

The HKG33 is making lower low's. opportunity to short on the next red.

Price is correcting on a wave 4 triangle. Wave 5 of 3 to come. If you get in be sure to get out there because price will probably retrace back to the same area on the major wave 4.