Hang Seng - Head and Shoulders Pending

Is the major B wave for Hang Seng completed?

Looking at the line chart, until Friday, the index is resting on top of the neckline. To complete the 'head and shoulders' pattern, the index has to go below the neckline and pull away. The volume pattern is a classical 'head and shoulders' pattern.

Based on candlesticks chart, the index is slightly below its neckline. The moment 'head and shoulders' is confirmed formed, the bear market rebound since March 2009 can be said completed. The next wave will be the major wave C that can go all the way down to below wave A. I believe Hang Seng is moving ahead of Dow that I believe will follow the footpath of Hang Seng.

History of Malaya

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