Hello Traders,
Hang Seng declined to 26145.6 yesterday and then reversed to the upside. today`s session let Hang Seng gap to the upside and closed the day @ 26676. So the bullish idea of a series with „one`s and two`s“ is still valid. Note, that HS is on the way to touch the lower boundary of the trend channel that may occur at tomorrow's session.
Stoch and MACD show overbought condition what may bring the index to higher price still.
As before. At the bullish case, we have seen a pullback as labeled at the chart and we are at forefront to higher price still.
The bearish view implies a wave (ii) to be done @ 29174.9 and declining price at the coming days and weeks.
Note, that from an Ichimoku perspective a fresh „sell-signal“ occur this week because the cloud crosses from bullish (green) to bearish (red).
Have a great day....
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
Hang Seng declined to 26145.6 yesterday and then reversed to the upside. today`s session let Hang Seng gap to the upside and closed the day @ 26676. So the bullish idea of a series with „one`s and two`s“ is still valid. Note, that HS is on the way to touch the lower boundary of the trend channel that may occur at tomorrow's session.
Stoch and MACD show overbought condition what may bring the index to higher price still.
As before. At the bullish case, we have seen a pullback as labeled at the chart and we are at forefront to higher price still.
The bearish view implies a wave (ii) to be done @ 29174.9 and declining price at the coming days and weeks.
Note, that from an Ichimoku perspective a fresh „sell-signal“ occur this week because the cloud crosses from bullish (green) to bearish (red).
Have a great day....
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!