HSI
Added 2024-05-29 09:15:50 +0000 UTCHSI continues to move with the plan and with the green bounce yesterday, we could have our Wave b complete.
The 0.38 Fib level at 18,315 has not been tested yet so the pull back may not be complete just yet, we will need to see how it behaves on the 0.38 Fib, holding here and we are comfortable that this Subwave 4 is complete, unable to hold and we will be looking for support on the 0.5 Fib and at that point, the 50 Day MA will have moved up to this level too, making this a confluence level.
Once support is found, I will add to $BABA and possibly $BIDU, otherwise I am just waiting, no need to rush this.
Comments
HSI didnt touch 0.382, however it held 1 fib from the extension. Isnt it typical support for wave 4 as well?
Vojtěch Šimeček
2024-05-29 10:25:00 +0000 UTC
