HSI
Added 2024-06-06 13:23:42 +0000 UTC4th day this week the HSI has consistently held above its 0.38 Fib for Wave 4 as expect and this is now building a base, with signs of pushing higher too, all positive signs for us.....especially since this is what we have been expecting and this is what we are getting, we can not ask for much more than that.
A positive economic data point announcement or a statement from policy makers to encourage more investment in China will also be beneficial here and likely act as a positive catalyst to build on this trend.
No reaction needed from us here on any of our Chinese holdings while the HSI is looking ready to move higher, hold strong.
Comments
Cap, is there a possible of this move being Wave B? Perhaps the ABC mentioned in your chart are the subwaves of wave A? In that case, Wave C would/might take us to 0.5FIB where it will be met by the 50day MA
Mehdi
2024-06-06 15:46:34 +0000 UTC
