Hello Traders,
Hang Seng has reached to 30191.16 on January 25! This high could be a wave (iii) blue of ((iii)) black! If so, a corrective move within a wave (iv) is under construction.
As you know waves 4 of any degree can morph into a complex structure, as a double, triple or triangle for example!
While the structure of this pattern now is not clear to my view, I step at sideline, as long as a clear pattern develops.
Trading above the 30191.16 level can act as a Stop buy signal, while declining below the possible wave (iv) blue level @ 28259.73 can be part of a wave c underway.
I will update the chart in the coming hours!
Have a great week.....
Ruebennase
Trading this analysis is at your own risk!
Feel free to ask anytime!
Hang Seng has reached to 30191.16 on January 25! This high could be a wave (iii) blue of ((iii)) black! If so, a corrective move within a wave (iv) is under construction.
As you know waves 4 of any degree can morph into a complex structure, as a double, triple or triangle for example!
While the structure of this pattern now is not clear to my view, I step at sideline, as long as a clear pattern develops.
Trading above the 30191.16 level can act as a Stop buy signal, while declining below the possible wave (iv) blue level @ 28259.73 can be part of a wave c underway.
I will update the chart in the coming hours!
Have a great week.....
Ruebennase
Trading this analysis is at your own risk!
Feel free to ask anytime!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.