HKG33 on a C wave correction. There will be many opportunities to enter short.
HKG33 ANALYSIS POTENTIAL WAVE 2 COMPLETING ON DAILY (INTERMEDIATE) 34/21/13/8 PERIOD EMAs CONFIRMING CURRENT UPTREND
1: AB=CD, goes to 22808. 2: goes to 20922, then fall again. 3: double top to 21638 then fall. we shall look at the price action when it hit those key price.
HKG33 Analysis 2016-05-16 B Wave seems to be in progress
After impulsive down waves completed, now undergoing corrective wave A
China's debt:GDP is 283% and the emerging middle class has spend the majority of its money on housing, which is very similar to what happened in the US to start the Great Recession.
HSI complete a Bullish Cypher Pattern Last week it formed a pin bar as well. I will long HSI and aim for a big target tp1: 22372 tp2 24761 SL: 17950 RSI Divergence as well