HSI
Added 2024-06-26 07:57:41 +0000 UTCHas now held support on the 0.5 Fib for the last 14 days, since the 12th of June, the price is now consolidating along this level and below the 0.38 Fib in a tight range, there is not break down of structure but likewise we have not got a bounce yet to move higher, this consolidation sideways can continue and Wave 4's can take their time.
On the MACD indicator, we can see the Wave 4 decline as now leveled off and the selling pressure has cooled, sellers may be exhausted here now.
It has also been very quiet on the economic data released from China and from their policy makers, so we continue to wait.
