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
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.
W
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.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.