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Hang Seng Index Faces Correction, Traders Watch Key Levels

3/5/2025

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Summary

Story summary

The Hang Seng Index is currently in a corrective phase, moving through Orange Wave 2 after completing Wave 1.
A retracement is expected before the index resumes its broader trend.
The next wave, Orange Wave 3, will follow the completion of Wave 2.
A critical invalidation level is at 18,672.39; surpassing this may necessitate a market structure reassessment.
Traders should closely observe price levels for signs of trend continuation or reversal.

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Story summary

The Hang Seng Index is currently in a corrective phase, moving through Orange Wave 2 after completing Wave 1.
A retracement is expected before the index resumes its broader trend.
The next wave, Orange Wave 3, will follow the completion of Wave 2.
A critical invalidation level is at 18,672.39; surpassing this may necessitate a market structure reassessment.
Traders should closely observe price levels for signs of trend continuation or reversal.