November 2, 2016
^HSI | Hong Kong Hang Seng Index and 34 EMA Wave
After two months of bullish trend, the index start to move side way. Now the index get weaker.
34 EMA wave is a great visual too for chart analysis, it is very easy to spot the reversal; the index start to cross and close below the wave. At the same time, we can easily spot the wave to band down and pointing down.
November 2, 2016 Hong Kong Hang Seng Index Daily and 34 EMA Wave
^HSI | Hong Kong Hang Seng Index and ABCD Chart Pattern
November 2, 2016 Hang Seng Index Daily and ABCD Chart Pattern
Zoom in to read the chart closer. The index retest the 34 Wave before begin to travel south. True or true. Will see.
Have fun!
Moses Stock Desk
AmiBrokerAcademy.com
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