$HSI - Market Analysis for Mar 20th, 2018

The Hang Seng is trading higher, finally exceeding the prior Feb 26th high as suspected, following the larger flat off the February bottom with price currently in wave c of B. There is room still for a little more near-term upside before wave c of B completes, with 32500 as the target resistance above. Otherwise, a move back below 31175 is needed to suggest another local top in place and the start to wave C of (4).

$HSI-HKG - Micro - Mar-20 1919 PM (1 hour)
$HSI-HKG - Micro - Mar-20 1919 PM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.