


Getfxxked
Premiumthe top of a channel, a pitchfork warning line, a fib level and the top in 2015.. the index s showing resistance some little rebound to 284xx-285xx should happen first though
Rebound target met. very bullish day.the index gapped up through two median lines and is now approaching the top yellow schiff pitchfork warning line AGAIN. Over the past two month, it s been proven to be a huge resistance level. lets see how price reacts when we get there.
looks like some rebound back to 28000 or above is imminent. overall we are still in a complex wave 4 on the daily.
Head and shoulders bottom on the weekly and a possible wave 3 underway mid-term target around the 1600 area
Now that 28128 s been broken the hsi should be heading towards the 285xx area yet its still very likely that the index would come back down below 28015( monthly open price) before the monthly bar closes As the hangsengindex has never seen 9 bullish candles in a row over the past 30 years.
the index did rebound as predicted but boy did it go up with great momentum if it managed to go above the high at 28128, it would negate my hourly count a complex wave iv s fxxked up like that :) that being said, since we just saw 8 straight bullish candles close on the monthly chart, even after it goes past 28128 to the 283xx-285xx area , it s still very likely...
it is possible that there would be another up move to the 278xx before going down again.
Another bullish candle just closed on monthly( 8 in a row!!). History shows that some sort of correction is bound to happen. Especially with that possible irregular B on daily :)
not sure if this new high is an irregular B in the correction or the start of the final wave 5
market did rebound to the 274xx level as suggested but it gaped up with great momentum and went past the 0.618 level to the 0.786 level of wave i usually a wave C down would be swifter and wouldn't "stall" that much. Market need to come down again fast or I'm a bit worried for the bears An alternative count would be wave 4 is taking the form of a contracting...
market seems like heading to the direction suggested in my last idea yet a deep wave ii seems underway. may see some rebounds to the 273xx-274xx area first before going down to finish the whole wave c at around 265xx-261xx area.
going back to 263xx in the short term may retrace back to 252xx-25000 in a month or two
wave v of wave 5 may have already finished wave i s extended and wave iii s short. wave v could only be shorter than wave iii.. Correction about to happen
now in an extended wave 5. look out for possible top around the 271xx-274xx area intersection of two long term resistance and a previous congested area, extended wave 5 target projected from length of wave 0-wave 3 ( 1.618) also matches with such target
potential short term top around 271xx-274xx area ? possible extended wave 5 target projected from the length from wave 0 to wave 3( 1.618)