HSI
Added 2025-02-21 11:13:20 +0000 UTCThere is a lot of praise towards $BABA jumping +80% YTD but for me the HSI guided us, this charts movements were nothing but text book, this really helped us to add with conviction to $BABA.
And we can see how heavily correlated the HSI and $BABA charts are too.
Except the HSI had the perfect pull back to the strong confluence level at the 0.618 Fib and 200 Day MA in Jan.
Like $BABA, the HSI is also above the blue range line that has been in place since 2007....incredible.
Above this line and the market is bullish, holding below it and its bearish.
I still expect a pull back for both positions, but holding above the blue line eventually is a very strong bullish signal....and the impulse wave is clear here for the next 2 years.
Comments
@cap. How do you identify time period? How did you get to 2 years? Is there some empirical formula?
Tejas
2025-02-21 11:37:52 +0000 UTC
