WaveTrack International

Elliott Wave Financial Price Forecasting

Hang Seng on a cliff!

by m.tamosauskas| July 26, 2013 | No Comments

10_HangSeng130726

We just wanted to share a perfect inflection point for the Hang Seng index:

Last week’s high of 22034.38 is a perfect spot for a possible reversal. This is because original upside objectives basis a fib. 61.8% retracement towards 22106.37 are very close and a fib. 61.8% extension of the initial 19426.36-21004.56 advance pinpoints the achieved high (see inset). Once the reversal has occurred, it will confirm the completion of the counter-trend rally from 19426.36 and initiate declines towards 17100.00+/- during the next months. This forecast is revised only above 23944.74.

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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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