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Hang Seng Index

15 Mar 2022 ‚óŹ 04:35 AM

Hang Seng index has seen a very sharp correction in the past few trading sessions and wave counts suggests that the index is in wave III of C, This means that once it sees a positive close, possibly some pullback is possible in the form of wave IV and then re-test of the low in wave V is possible. That said, once Hang Seng index registers a positive weekly close, it would mean that the entire fall from 31183 would be possibly complete and a meaningful bottom would be in place that can lead to short to medium-term pullback.

 

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