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Waveanalyses

China Life Insurance: Bounced back🎾After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result, entry opportunities remain within the zone on the long side, with stops placed around 1% below the lower border. We expect the price to rise well above the zone and cross the resistance at HK$15.84. Only an imminent break below the support level at HK$8.53 would diminish this outlook. This would activate the 33% probable alternative, which involves a lower low of the green wave alt.(2).
HKEX:2628Long
by MarketIntel
Hang Seng Index: Motivated! 💪The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the probability of our alternative to 41%. In this case, the low of the magenta wave alt.(2) would already be in place and this scenario would come into play on a rise above the resistance at 18,898. However, it should be noted that our long-term expectation has already been fulfilled with the completion of the trading range. In both cases, there is considerable upside potential in the medium to long term. The price should clearly overcome the resistance at 20,899.
HKEX:HSI1!Long
by MarketIntel
1
Apple: Trend-setting battle 🔥📈📉The bears have once again pushed Apple down to the lower border of the green target zone between $170.89 and $185. We continue to believe that the stock is in an overriding uptrend, but for that to be the case, it now needs to climb higher. In this scenario, the white wave (III) is expected to end well above the resistance at $198.23. However, it is important to note that our alternative now has a relatively high probability of 41%. If the price were to fall below $167.62, the first task would be the grey wave (IV).
NASDAQ:AAPLLong
by MarketIntel
Nasdaq: Taken off 🚀The Nasdaq has now rallied strongly and has left its green target zone between 15 292 and 14 431 points. The next target is now the resistance at 16 062 points and a further rise to around 17 500 points, where we expect the high of the orange wave i. It is important to note, however, that it is also possible that the high was already set in July. This alternative scenario, to which we assign a 40% probability, would come into play in the event of a drop below the zone. The low of the orange wave alt.ii would then have to be in the orange target zone between 13 934 and 12 717 points.
CME_MINI:NQ1!Long
by MarketIntel
Hang Seng Index: High-flyer 🌟The Hang Seng Index is currently in a strong rise. As the yellow trading range between 17 424 and 15 571 points has already been approached, it is quite possible that the low of the magenta wave alt.(2) has already been set. We give this scenario a 40% probability and it would become our primary scenario if the resistance at 18 898 points is broken. Until then, however, we must continue to expect that there will be another fall deeper into the trading range before the turnaround takes place.
HKEX:HSI1!Long
by MarketIntel
1
Now what will be the goal of Gold, see our analysisWe saw that on Friday, when the NFP news came, the market was running at 1820. After that, the market went down and reached 1811.   The market went up to 1835, after which it went down a little. On Friday, the market closed at 1832, and when the market opened today, it opened with a gap, and at that time it was running until 1852.   If the market breaks 1846, then our next target is 1830, which is also support; if the market breaks 1830, then our next targets are 1816 and 1799; and on the other hand, if the market breaks the resistance of 1857, then our next targets are 1870 and 1880.   Due to the war between Palestine and Israel, the whole market is not stable. We request that you monitor the market again and again and use your stop-loss
OANDA:XAUUSD
by MsProTrading
5