WaveTrack International

Elliott Wave Financial Price Forecasting

Hang Seng Index

by m.tamosauskas| December 13, 2013 | No Comments

09_HSeng131213

The Hang Seng continued lower which is a positive sign that the current outlook is on track. As the downswing from 24111.55 is seen to be a counter-trend correction to the entire advance from the Oct.’11 low of 16170.35, ultimate targets are measured to 19745.69, the fib. 50% retracement. Cutting this by the ‘golden-section’ fib. 61.8% ratio, interim support is projected to 21312.63. Although the chances of a possible upside extension towards 24850.00+/- are considered very low, the ‘alternate’ solution (drawn in grey) is still shown.

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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