Hello Traders,
Not much new to add for Hang Seng!
The flag-pattern is dominating the chart since many weeks. All the moves look to me like a corrective, overlapping structure! So, I guess a break to the downside and below 27505 area should not surprise!
The more important chart is the daily, where I was counting wave's ((a)) and ((b))!
A break of the 27700-27505 area would open the door to my favorite count idea. A target should be range at the 26750-26200! More bearish potential exist! Only a break of the possible wave ((b)) high at ~29600, would clear the chart for the bulls!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Not much new to add for Hang Seng!
The flag-pattern is dominating the chart since many weeks. All the moves look to me like a corrective, overlapping structure! So, I guess a break to the downside and below 27505 area should not surprise!
The more important chart is the daily, where I was counting wave's ((a)) and ((b))!
A break of the 27700-27505 area would open the door to my favorite count idea. A target should be range at the 26750-26200! More bearish potential exist! Only a break of the possible wave ((b)) high at ~29600, would clear the chart for the bulls!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.