HSTECH has gone through a deep correction in last few years. My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade. We have completed Wave 1 and 2 and Wave 3 has begun. Within wave 3, just minor 1 and 2 have been done and we are in 3...
Hello & welcome to this analysis HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly. The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel channel starting from 2008. In India the Nippon India ETF Hang Seng...
As after the bearish setup on daily time frame the market is falling making inverted flags again it looks like an inverted flag which is a decent flag. Targets can act as support or resistance, trade what you see. trail profits at every target or SL at cost.
* 0.886 ABCD ( strong pattern levels) * 1.272 XABCD * 24000$ key support 2018, 2019 * Bollinger bands squeezed on 1HR * ADX below 20 * RSI divergence on daily TF * HEIKIN ASHI DOJI candlesticks o4HR and Daily TF * strong positive divergence on 1 HR * strong OI on 24000 puts