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
MAHKTECH
Hangseng Tech - Change in Wave counts!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 has been done and wave 2 correction going on.
View negates if we break 2990.
MAHKTECH is an ETF in India for trading this index.
Disclaimer: Invested.
