Hang Seng Ready for Wave 3Hang Seng tech is finally getting ready for Wave 3. To play safe, we'll consider it as a corrective move, which can also go till 5700: ~50% from here.
If it turns out to be Wave 3, then long way to go.
One step at a time - Let's wait for the trendline (black) to break.
Disclaimer: Have position in ETF - MAHKTECH
Hangsengindex
Hang Seng Tech - Defining MomentHSTECH 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 of 3.
View negates if we break 2990.
MAHKTECH is an ETF in India for trading this index.
Disclaimer: Invested.
HANG SENGHello & 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 Bee (HNGSNGBEES) is listed in BSE. One can look at it from a medium to long term investment perspective since this is a monthly reversal signal coming up.
Happy Investing
HSI 1 Day Time Frame Chart - Short till 22050As 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.
HANG SENG INDEX * 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
