HSI
Added 2024-05-02 09:08:35 +0000 UTCHSI has given us a very clean and convincing break out here, first out of the channel, followed by a channel retest and hold on the 50 Day MA and 0.5 Fib.
Since then there has been a very aggressive bounce in this Wave 3 and cut through the 200 Day MA as tho it was not there....this is a convincing breakout and looks promising to move higher to our Wave 3 target at the 1.618 Fib
Remember all impulse waves have 5 waves in them (Waves 1, 3 and 5), so we will be expecting a pull back as this moves up Wave 3....a retest of the 200 Day MA is what i'd like to see, this solidifies the impulse wave for me and the reversal trend and also gives us an opportunity to add to our positions.
