A split look at this chart and you would believe it is the $BABA chart but the HSI and $BABA chart are almost in sync.
The big difference is that the HSI is already above its 200 WMA comfortably and $BABA has only broken above its own in the PM this morning.
The blue line on this HSI chart is also very similar to the $120 blue line on the $BABA chart, which we know is the 2 year range top line.
Both are making their way to this line over the next few weeks and both are in Primary Wave 3 for me.
We will need to see a Wave 2 of this Primary Wave 3 but there is no reason why this can not happen after the blue line at 22,710 is tested.
Mark
2025-02-10 18:35:40 +0000 UTCGareth Neary
2025-02-10 18:34:09 +0000 UTCMark
2025-02-10 18:30:00 +0000 UTC