Why had Hong Kong's Stock Market Index Rallied recently? (HK50)2nd October 2024 / 11:15 AM IST
One Question arise whatever situation is arising internationally let's keep it aside ❗
What Technically has happened in Index HK50 that's what I have discussed in here.
30 % in Three Week Time Period
Everything is pinned in Chart ‼️‼️👍
Internationalmarket
SIlver Multiyear Breakout, Long tradeSilver broke out of multi year long Broadening channel, possible targets are 30$ and 50$ with small SL
Gold $ International Chart (Bird View)Analysis On 14th December 2022
This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view.
>Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on.
Furthermore, Last month's upward journey is still not break 50% (Healthy Retracement) of retracement compared to top of B wave (Intermediate Cycle). (Bearish)
Divergences - There is multiple divergences, we can see in above chart,
1. Bearish Continuous Divergence between 2nd wave and C wave within the C wave (Intermediate Cycle). (Bearish)
2. Bearish Reversal Divergence in Wave C (Minute Cycle), Where some sort of Upward Triangle Chart Pattern Has Formed. (Bearish)
After all, I expect one more downside leg which is 5th wave in Minor Cycle, till Depth of Correction in Intermediate cycle of 4th Wave (1451.41 $)
Have a Good Day!!
