ruebennase

Hang Seng....Double-top or new high ahead

TVC:HSI   Índice Hang Seng
Hello Traders,
Hang Seng has met the 28634 area for the second time the past week. It looks like a „double-top“ in progress, but the odds do favor a more up move in the coming hours. If so to come, the target area is at 26744, which is a 1.618 Fibonacci Extension and the zone at 29137, which includes the range for a wave ((3))!
Short term the level of the wave (4) low @ 28030 is important to watch and should be valid. May a pullback to occur to the uprising boundary of the trend channel, but not expected!

We will discuss nay developing pattern in the coming hours here!

Have a great Sunday...
ruebennase

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