Long

Hang Seng Index Primed for a 20% Rally

Updated

The Hang Seng Index is rebounding off its 61.8% Fibonacci retracement level following an ABC correction, a classic technical setup indicating a potential trend reversal. This bounce suggests the beginning of the next bullish wave, with the potential to climb by up to 20%.

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The Hang Seng Index (HSI) has confirmed a bullish breakout, moving decisively out of its downward channel. After completing a textbook retest of the breakout level, the index has resumed its upward momentum, reinforcing the case for continued upside. This technical progression aligns with the completion of the ABC correction, signalling the start of a 5-wave impulse move higher, as per Elliott Wave theory.

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