Hello Traders,
Hang Seng is on the way to raise within a wave c/y to 28705. The Mob (make or break) level for this idea is at 25998, the wave ((iv)) low on December 22!
Note that the index could have ended a complete impulsive pattern by making anew high above the wave ((iii)) high at 26782.
To me the move looks more like wave 3 of 3, with a wave iv and v to come and complete the structure!
An extension of the 28705.72 area should lead to 29297.21 area. But first we wait for the 28705 level, as long as the wave ((iv)) low is valid!
I will update the count in the coming days.
Have a great time....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Hang Seng is on the way to raise within a wave c/y to 28705. The Mob (make or break) level for this idea is at 25998, the wave ((iv)) low on December 22!
Note that the index could have ended a complete impulsive pattern by making anew high above the wave ((iii)) high at 26782.
To me the move looks more like wave 3 of 3, with a wave iv and v to come and complete the structure!
An extension of the 28705.72 area should lead to 29297.21 area. But first we wait for the 28705 level, as long as the wave ((iv)) low is valid!
I will update the count in the coming days.
Have a great time....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!