HSI
Added 2024-05-08 11:48:21 +0000 UTCI have to show this HSI chart on the 1hr chart because on the daily chart, this small decline over the last 2 days is not even visible, so the 1hr chart shows a bit more of a curve down.
I have added in the White Fib levels now to show us where support can come for this Subwave 2 of Wave 3 pull back.
In between the 0.5 and 0.618 Fib is the channel breakout level and we can see the 200 MA on the 1hr chart is also here too and moving up to offer support.
So a nice steady, 3 wave decline down to this level is exactly what we want to see to take advantage of $BABA, $BIDU, $YINN, $NIO, $LI and $JD.
Comments
Very clear, thank you!
Mehdi
2024-05-08 12:02:36 +0000 UTCSubwave 2 and Subwave 4, just like Wave 2 and Wave 4, all have 3 waves in them, check out Lessons 1 - 4 to see how this looks on the chart
Gareth Neary
2024-05-08 12:01:00 +0000 UTCAnd PDD but not a buy for us right now, I would have preferred to buy this at the start of Wave 3
Gareth Neary
2024-05-08 12:00:21 +0000 UTCAnd PDD could not benefit?
WallyN π·π΄
2024-05-08 11:56:48 +0000 UTCGreat to watch this! Gar, small question: Why β3 wave declineβ when this is subwave 2 of wave 3? Are subwaves also split into 3 waves? Thank you!
Mehdi
2024-05-08 11:53:41 +0000 UTC
