Hello fellow traders . The Video below is a short capture from the Plus Daily Technical Video held on July 4th by Hendra Lau. Hendra presented Elliott Wave count and explained our forecast and trading strategy for Hang Seng.
Hang Seng Plus Daily Technical Video held 07/04 2017
As our members know, Hang Seng was showing bullish swings sequences in higher time frames. Consequently, we recommended our members not to sell the index and keep buying the dips in 3,7,11 swings. As Hendra explained in the video, X red connector was expected to complete at the equal legs from the peak. We have advised our members to buy dips at 25297-24965.7 area, when invalidation level was at 24961.3.
Eventually, the index found buyers and made nice rally reaching new highs. As a result,we’ve got nice profits and poositions are risk free at this stage. Keep in mind market is dynamic. If you’re interested in the future path of Hang Seng or in any of the other 50+ instruments we cover, join us now. You can find Elliott Wave analysis in the membership area of EWF. If not a member yet, Sign Up for Free Trial now.
Hang Seng ( $HSI-HKG) 1 Hour Asia Chart 07/04 2017
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