Hang Seng index Elliott Wave technical analysis [Video]

Dangle Seng Index Elliott Wave Diagnosis – Buying and selling Lounge Day Chart.

Dangle Seng Index Elliott Wave technical diagnosis

• Characteristic: Counter Vogue.

• Mode: Corrective.

• Structure: Orange Wave 2.

• Diagram: Navy Blue Wave 3.

• Direction Subsequent Elevated Level: Orange Wave 3.

• Vital points: Orange Wave 1 appears to be like performed, and Orange Wave 2 is currently in play.

• Invalidation Stage: 18,672.39.

Diagnosis overview

The Dangle Seng Index everyday chart diagnosis signifies a counter-vogue circulation inner a corrective wave structure. The market is currently progressing through Orange Wave 2, following the completion of Orange Wave 1. This implies that the index is undergoing a retracement segment sooner than potentially resuming its broader vogue.

The explain inner Navy Blue Wave 3 highlights the ongoing corrective nature of the market. The following anticipated greater-level wave is Orange Wave 3, which is anticipated to initiate after the completion of the present retracement in Orange Wave 2. This wave structure implies that the market is experiencing a non permanent pullback sooner than a doable shift in momentum.

The invalidation level is made up our minds at 18,672.39, appearing as the foremost reference point. If the cost strikes beyond this level, the new wave count would be invalidated, requiring a reassessment of the market structure.

Conclusion

The Dangle Seng Index is currently in a corrective segment, with Orange Wave 2 unfolding after the completion of Orange Wave 1. The market remains in a retracement stage sooner than transitioning into Orange Wave 3. Traders ought to nonetheless closely track key label ranges to take be aware of the doubtless continuation or reversal of the vogue.

Dangle Seng Index Elliott Wave Diagnosis – Buying and selling Lounge Weekly Chart

Dangle Seng Index Elliott Wave technical diagnosis

• Characteristic: Counter Vogue.

• Mode: Corrective.

• Structure: Orange Wave 2.

• Diagram: Navy Blue Wave 3.

• Direction Subsequent Elevated Level: Orange Wave 3.

• Vital points: Orange Wave 1 appears to be like performed, and Orange Wave 2 is currently in play.

• Invalidation Stage: 18,672.39.

Diagnosis overview

The Dangle Seng Index weekly chart diagnosis signifies a counter-vogue circulation inner a corrective wave structure. The market is currently progressing through Orange Wave 2, following the completion of Orange Wave 1. This implies that the index is in a retracement segment sooner than potentially resuming its broader vogue.

The explain inner Navy Blue Wave 3 highlights the corrective nature of the market. The following anticipated greater-level wave is Orange Wave 3, which is anticipated to initiate after the completion of the present retracement in Orange Wave 2. This structure suggests that the market is experiencing a non permanent pullback sooner than a doable shift in momentum.

The invalidation level is made up our minds at 18,672.39, appearing as the foremost reference point. If the cost strikes beyond this level, the new wave count would be invalidated, requiring a reassessment of the market structure.

Conclusion

The Dangle Seng Index remains in a corrective segment, with Orange Wave 2 unfolding after the completion of Orange Wave 1. The market is currently in a retracement stage sooner than transitioning into Orange Wave 3. Traders ought to nonetheless fastidiously track key label ranges to take be aware of the doubtless continuation or reversal of the vogue.

Technical analyst: Malik Awais.

Dangle Seng Index Elliott Wave technical diagnosis [Video]

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