Hang Seng Bull Butterfly and ABCD monthly timeframe
On the monthly time frame, the Hang Seng has reversed from recent bear 5-0 harmonic which reached its target D point and a Bull butterfly harmonic pattern is now active. Typical target levels are indicated with fib measurements of the CD leg of the butterfly, with target 4 at 1.168 extension--40k anyone?
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.