Hang Seng Index Elliott Wave Analysis – Trading Lounge Day Chart

Hang Seng Index Wave Technical Analysis

• Function: Bullish Trend
• Mode: Impulsive
• Structure: Orange Wave 1
• Position: Navy Blue Wave 3
• Next Lower Degree Direction: Orange Wave 2
• Wave Cancel Invalidation Level: 18,672.39

Analysis Overview:

The Hang Seng Index (HSI) Elliott Wave Analysis for the daily chart provides a detailed assessment of the index’s current trend and potential future movements.

The market is in a bullish trend phase, characterized by impulsive price action rather than a corrective movement. The main wave structure under consideration is Orange Wave 1, positioned within Navy Blue Wave 3, marking its placement in the broader Elliott Wave sequence.

• Key Insights:
  • Orange Wave 1 of 3 is still unfolding and appears to be nearing completion.
  • This impulsive wave involves strong directional movement, suggesting further upward momentum before the next wave forms.
  • The next wave to monitor is Orange Wave 2, expected to follow the conclusion of Orange Wave 1.
  • A critical invalidation level is 18,672.39. If the price falls below this level, the current wave count becomes invalid, indicating a potential market shift.

Trading Implications & Market Outlook:

Traders should closely monitor the completion of Orange Wave 1, as it could mark the beginning of Orange Wave 2, leading to new trading opportunities.

By analyzing the daily chart, traders gain a long-term perspective, helping them align their trading strategies with broader market trends and key reversal points. The focus on wave structures and critical levels allows for more precise entry and exit decisions.

This approach ensures that traders remain well-prepared for evolving market conditions, adjusting their strategies accordingly to capitalize on potential price movements.

Hang Seng Index Elliott Wave Analysis – Trading Lounge Weekly Chart

Hang Seng Index Wave Technical Analysis

• Function: Bullish Trend
• Mode: Impulsive
• Structure: Orange Wave 1
• Position: Navy Blue Wave 3
• Next Lower Degree Direction: Orange Wave 2
• Wave Cancel Invalidation Level: 18,672.39

Analysis Overview:

The Hang Seng Index (HSI) Elliott Wave Analysis for the weekly chart provides a comprehensive market outlook, highlighting current trends and potential future movements.

The market remains in a bullish trend phase, characterized by impulsive price action rather than corrective waves. The primary wave structure under observation is Orange Wave 1, positioned within Navy Blue Wave 3, marking its place in the broader Elliott Wave sequence.

• Key Insights:
  • Orange Wave 1 of 3 is still unfolding and is nearing completion.
  • This impulsive wave suggests strong directional movement, hinting at further upward momentum before the next wave forms.
  • The next wave to monitor is Orange Wave 2, expected to follow the conclusion of Orange Wave 1.
  • A critical invalidation level is 18,672.39. If the price falls below this level, the current wave count becomes invalid, suggesting a potential trend shift.

Trading Implications & Market Outlook:

Traders should closely monitor the completion of Orange Wave 1, as it could mark the beginning of Orange Wave 2, leading to new trading opportunities.

By analyzing the weekly chart, traders gain a long-term perspective, helping them align their strategies with broader market trends and major reversals. The focus on wave structures and key price levels allows for precise entry and exit decisions.

This approach ensures that traders remain well-prepared for market developments, adjusting their strategies accordingly to capitalize on potential price movements.

Technical Analyst: Malik Awais

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