HSI50 Wave Analysis 18 May, 2021
May 18, 2021 @ 18:10 +03:00
• HSI50 rising inside corrective wave (iv)
• Likely to rise to resistance level 29500.00
HSI50 index continues to rise inside the minor corrective wave (iv) –which started earlier from the key multi-month support level 27560.00 (low of wave A from March).
The active corrective wave (iv) belongs to the intermediate downward impulse wave C from the end of April.
HSI50 is likely to rise further toward the next resistance level 29500.00 (top of the previous wave B from April and the top of wave (iv) from March).