HSI
Added 2024-07-05 07:38:07 +0000 UTCPrice action is just sitting on the 0.5 Fib now, between the 50 and 200 Day MA's and is still trending higher but more price action is needed to see a higher high and a higher low.
Getting back above the 0.38 Fib at 18,311, which is also the 0.38 Fib would be a bullish indicator for us and I suspect the Chinese ADRs in the US would be bullish on this move too....as they were when support was found above the 0.618 Fib this week.
We still need to see more however.
MACD is also showing that sellers appear to be dying off and there is a possible trend change coming up, which aligns with our Wave 5 target.
Let's keep doing what we are doing and sticking to the plan.
