Hang Seng Index - Elliot Wave and Fibonacci Ratio
The primary wave cycle of HSI started from 2003-04-05 (8331.9) and finished on 2008-10-27(10676.3).
1. Impulse
Date: 2003-04-05(8331.9) to 2007-10-30(31958.41)
Measuring the bottom and the top of wave , we can approximately acknowledge the top of wave by applying the Fibonacci ratio:
8331.9+ (14058.2-8331.9)*2.618 =23323.3534
On 2007-07-26, HSI had touched the trigger point 23323.3534, and retraced back to 19386.7 on 2007-08-17.
2. Correction
Date: 2007-10-30(31958.41) to 2008-10-27(10676.3)
HSI completed its zigzag form of correction during the aforementioned period.
1. 2007-10-30(31958.41) to 2008-03-18(21041.3)
Primary wave with 5 intermediate wave (1) (2) (3) (4) (5)
2. 2008-03-18(21041.3) to 2008-05-05(26387.4)
Primary wave with 3 intermediate wave (A) (B) (C)
2. 2008-05-05(26387.4) to 2008-10-27(10676.3)
Primary wave with 5 intermediate wave (1) (2) (3) (4) (5)
The primary wave cycle of HSI started from 2003-04-05 (8331.9) and finished on 2008-10-27(10676.3).
1. Impulse
Date: 2003-04-05(8331.9) to 2007-10-30(31958.41)
Measuring the bottom and the top of wave , we can approximately acknowledge the top of wave by applying the Fibonacci ratio:
8331.9+ (14058.2-8331.9)*2.618 =23323.3534
On 2007-07-26, HSI had touched the trigger point 23323.3534, and retraced back to 19386.7 on 2007-08-17.
2. Correction
Date: 2007-10-30(31958.41) to 2008-10-27(10676.3)
HSI completed its zigzag form of correction during the aforementioned period.
1. 2007-10-30(31958.41) to 2008-03-18(21041.3)
Primary wave with 5 intermediate wave (1) (2) (3) (4) (5)
2. 2008-03-18(21041.3) to 2008-05-05(26387.4)
Primary wave with 3 intermediate wave (A) (B) (C)
2. 2008-05-05(26387.4) to 2008-10-27(10676.3)
Primary wave with 5 intermediate wave (1) (2) (3) (4) (5)