Mentorship

Mentorship

Hang Seng Index

13 May 2016 ‚óŹ 04:41 AM

Hang Kong is among the first few markets leading lower in Asia. The index has fallen below both the daily and weekly swing lows starting minor wave iii in the short term. The weekly chart below shows that the rise was wave 2 [in 3 waves], and ended at the 40wema, so wave 3 down has started from there and should see new 2016 lows in the coming months.

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