Hang Seng

The Hong Kong and China markets should be in focus since a lot of the news is on trade talk but here we see a falling channel and prices topped in wave 4 at the top end of the channel so wave 5=1 points down to 23700 and the move lower may have already started.

 

 HSI long term on this quarterly chart shows wave 5 as an expanding triangle and now we are falling in a impulsive wave that will eventually break the triangle low and head lower to the pattern measurement projection. However EW theory suggest a retest of the wave 4 low in a larger degree bear market that is at 14387.