Hello Traders,
Hang Seng is on track to break below the July 9 low @ 26861! If so to come, it would open the door to 25939. More bearish potential exist!
I have visualized the path for my idea!
A break off the possible wave (2) level @ 28218 would be a first sign, that the correction could be done. It should open the door to the wave X high at 294xx zone and a break of this would end the correction definitely!
Keep in mind, that HS is known for extensive corrections! So this one, should last for several weeks. In Germany we call it the „Sommer-Loch“ (Summer hole)! 😜
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Hang Seng is on track to break below the July 9 low @ 26861! If so to come, it would open the door to 25939. More bearish potential exist!
I have visualized the path for my idea!
A break off the possible wave (2) level @ 28218 would be a first sign, that the correction could be done. It should open the door to the wave X high at 294xx zone and a break of this would end the correction definitely!
Keep in mind, that HS is known for extensive corrections! So this one, should last for several weeks. In Germany we call it the „Sommer-Loch“ (Summer hole)! 😜
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!