China – Hang Seng – Hongkong

The Hang Seng is in long term up trend with prices moving up to the red ML

Hang Seng Hong Kong

April 2013...

ASEAN HSH Q ASEAN HSH W

2 Responses to China – Hang Seng – Hongkong

  1. Profile photo of Hermann Hermann says:

    Are you sure about your last pivot in first chart Marc?
    This looks to me like a -3 pivot on one fractal lower?

    • Profile photo of Marc Marc says:

      Yip you are correct from initial look. If you look closely there is one big drop to the ML and recovery – this could be the simple correction -1-2, and the moving average obvious wave -3-4. The law of alternation.
      The amplitude takes precedence over the counting so if you slide the fork from just below the high to the high prices have completed an amplitude
      If you measure the amplitude also the uptrend is beyond the MLU.

      PLEASE DONT STOP ASKING – THERE IS NO SUCH THING AS A STUPID QUESTION – THERE IS ONLY SUCH A THING AS A STUPID ANSWER!

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