This view of the hourly chart for Tencent sees the recent upward move since 26th March to be the final part of the upward move since the end of October. The analysis of the internal structure produces clear alternations and two options for compliant patterns. Minor wave 5 is equal to Minor wave 1, which is often seen as confirmation. Accordingly there is a good probability that the conclusion is correct.
Like all of the charts that I post, this pattern analysis employs the standard version of the Elliott Wave Theory and is intended only to demonstrate my own momentary view within my own application of that theory.
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