This pattern analysis of the hourly chart for Tencent (Hong Kong) sees a high probability for the conclusion of Intermediate wave (1). Alternatively this can be the conclusion of Intermediate wave (B) and the resumption of the bear trend.
This is supported by the gold shares which are entering the 3rd wave of the 3rd wave across the board. At least thats what it looks like to me now. And I see no one is standing on one leg, not even me.
Alternation is there between [ii] which is simple and [iv] which is complex.
Further support for this analysis is given by the resistance of the upper channel and the divergence of the RSI.
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