HKG33 on a C wave correction. There will be many opportunities to enter short.
HKG33 ANALYSIS POTENTIAL WAVE 2 COMPLETING ON DAILY (INTERMEDIATE) 34/21/13/8 PERIOD EMAs CONFIRMING CURRENT UPTREND
1: AB=CD, goes to 22808. 2: goes to 20922, then fall again. 3: double top to 21638 then fall. we shall look at the price action when it hit those key price.
HKG33 Analysis 2016-05-16 B Wave seems to be in progress
After impulsive down waves completed, now undergoing corrective wave A
China's debt:GDP is 283% and the emerging middle class has spend the majority of its money on housing, which is very similar to what happened in the US to start the Great Recession.