Hello Traders,
Hang Seng made a high on July 7 at 26782.6 and declined after to 23124.30 on September 25!
This move was embedded in a trend-channel and price peaked below the lower boundary at the low of this move.
Since that low HS returned to nearly the upper boundary of the channel and a „breakout“ above the upper line would imply a push to the possible wave ((ii)) high at 25847.
Sometimes price „bounce“ around the upper boundary before they break out, sometimes with a gap up above this price area.
As long as HS is trading above the area of ~ 24100 the trend should be to the upside.
A decline below this level on a daily basis at minimum could open the door to 23768 levels and below.
Have a great week....
ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Hang Seng made a high on July 7 at 26782.6 and declined after to 23124.30 on September 25!
This move was embedded in a trend-channel and price peaked below the lower boundary at the low of this move.
Since that low HS returned to nearly the upper boundary of the channel and a „breakout“ above the upper line would imply a push to the possible wave ((ii)) high at 25847.
Sometimes price „bounce“ around the upper boundary before they break out, sometimes with a gap up above this price area.
As long as HS is trading above the area of ~ 24100 the trend should be to the upside.
A decline below this level on a daily basis at minimum could open the door to 23768 levels and below.
Have a great week....
ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。