Hang Seng.....Sideline!Hello Traders,
Hang Seng has reached to 30191.16 on January 25! This high could be a wave (iii) blue of ((iii)) black! If so, a corrective move within a wave (iv) is under construction.
As you know waves 4 of any degree can morph into a complex structure, as a double, triple or triangle for example!
While the structure of this pattern now is not clear to my view, I step at sideline, as long as a clear pattern develops.
Trading above the 30191.16 level can act as a Stop buy signal, while declining below the possible wave (iv) blue level @ 28259.73 can be part of a wave c underway.
I will update the chart in the coming hours!
Have a great week.....
Ruebennase
Trading this analysis is at your own risk!
Feel free to ask anytime!