Hang Seng Index (HSI) Analysis: Will the 24,600 Support Trigger a New Rally?

The complex corrective structure observed on the Hang Seng Index (HSI) 4H chart technically points to the final phase of Wave (y). The selling pressure stemming from the (x) peak completed its "intermediate rest" via Wave "b" and has now given way to an impulsive decline. According to our analysis, the price is expected to stretch toward the 24,600 point region and conclude the long-term Wave 4 correction there. This zone aligns with both Fibonacci targets and structural supports. Continued downward momentum will confirm this "ultimate bottom" scenario. To ensure you don't miss these critical market reversals and professional trade setups, subscribe to the Ewplans newsletter now!