Greeting, this is my new prediction for the future Hang Seng Index, please forget our previous prediction without accurate information.
Basically, Hang Seng Index has entered Bearish Trend. The Down Trend has gone through two waves, and the third wave will happen in the future. If it is not a big down trend, it will end the bear trend after three wave.
Therefore, my prediction about the third wave is, the highest point of the third wave might be 25982.64, then the lowest point of the third wave might break through the 24748.24. It might be happened within 2 week (30/8/21 - 10/9/21), and will rebounce before break through 23124.
Next week (30/8/21 - 3/9/21) may will happen a little rebouce, then drop again until the 24748.24.
After that, if the trend break though 24748.24, the trend between 6/9/21 - 10/9/21 will be down trend again and the retracement will end within September.
At last, we may prepare for the third wave of down trend in the future. All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Basically, Hang Seng Index has entered Bearish Trend. The Down Trend has gone through two waves, and the third wave will happen in the future. If it is not a big down trend, it will end the bear trend after three wave.
Therefore, my prediction about the third wave is, the highest point of the third wave might be 25982.64, then the lowest point of the third wave might break through the 24748.24. It might be happened within 2 week (30/8/21 - 10/9/21), and will rebounce before break through 23124.
Next week (30/8/21 - 3/9/21) may will happen a little rebouce, then drop again until the 24748.24.
After that, if the trend break though 24748.24, the trend between 6/9/21 - 10/9/21 will be down trend again and the retracement will end within September.
At last, we may prepare for the third wave of down trend in the future. All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Note
This week has a nice rebounce, but be aware for the next week down trend, if cant hold above 25200, if might drop and break trough bottom support line in chartNote
Also, no update for next week as it's trend still in prediction
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.