Hello Traders,
Hang Seng has declined into my cited target rang from 26200-25848. Today the index closed trading at 26119.26. The decline does not look complete, so my goals remains unchanged!
At 25484 the 0.382 Fibo of the advance from 23124-27040. So, it could be a good Fibonacci-target.
Note the open gap at 25712.98-26157.77, in which HS has diving in. It could be possible, that this gap will be closed completely.
It needs a push above 26668 (blue arrow) to alter this view.
I wish all of my readers and their families a merry and healthy Christmas.
Have a great time....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Hang Seng has declined into my cited target rang from 26200-25848. Today the index closed trading at 26119.26. The decline does not look complete, so my goals remains unchanged!
At 25484 the 0.382 Fibo of the advance from 23124-27040. So, it could be a good Fibonacci-target.
Note the open gap at 25712.98-26157.77, in which HS has diving in. It could be possible, that this gap will be closed completely.
It needs a push above 26668 (blue arrow) to alter this view.
I wish all of my readers and their families a merry and healthy Christmas.
Have a great time....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!