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Analysis

China may wake up in 2024

Chinese stock market Hang Seng Index with ticker HSI was down in 2023, but it still looks as a complex W-X-Y corrective decline, now potentially in final stages of the wedge pattern within subwave “c” of Y. Ideal support is around 15800 – 15700 area for W=Y, but keep in mind that first bullish evidence is only above 18000 level.


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