I am also watching how $FUTU starts tomorrow too, having pulled back comfortably to between its 0.5 Fib and 0.618 Fib and finished Tuesday on the 0.5 Fib.
Price is still above the wedge breakout level at $63 and $FUTU is more aligned with $PDD right now than it is with $BABA and $BIDU.
However, they all moved well together to the upside when the HSI ran solid for 1 month from the middle of April, so if the HSI starts Wave 5 now, I suspect that $FUTU will benefit again from this.
One to watch.
Wave 3 is at $95.
Zachary Alpirn
2024-06-19 20:27:45 +0000 UTC