Hang Seng Index
Short
Updated

7,000 points loss possible

245
After a first downward wave and its correction, a second downward movement usually follows. This should ideally bring HANGSENG to 24,745 points. But we should not rise above the drawn red line from the last intermediate high at 31.800.
Note
snapshot
Note
I have two options packed into the chart. As before, another low could occur and then complete the abc formation. From this low there are the two options which are directed at the same time for at least approx. 2,000 points. On this route then the further course is to be examined and analyzed.
snapshot
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.