HSI
Added 2024-10-15 09:31:54 +0000 UTCHSI has moved into the sweet spot now
We have 3 waves, we have the lower low and we are in between the 0.38 - 0.5 Fib levels now.
A test of the 19,855 0.5 Fib level can still come but we really want to see this level hold
Going below the 0.5 Fib for Wave 4 is not common
The high of Wave 1 is at 19,700, so this would be the cut off point that it needs to hold above.
Market may need to hear more guidelines from policy makers to trigger this to bounce for Wave 5 and I don't believe they are finished reassuring the market.
They have come this far already, they won't suddenly give up on recovering this market.
Comments
There is a gap just below 20 and on open tonight HSI will close it and get on with a reversal. Thanks Gar, great chart.
Labo
2024-10-15 15:59:25 +0000 UTCYINN update?
NR15
2024-10-15 15:36:20 +0000 UTCsomeone give Xi a call? :)
Mk Yee
2024-10-15 10:12:44 +0000 UTC
