HSI
Added 2024-10-10 09:31:00 +0000 UTCOk the big question now is whether or not Wave 4 is now complete.
I have white circled the area we need to evaluate:
There is arguably 3 waves here
It happened over a total of 2 days
The price pulled back and held on the 0.38 Fib and bounced with a higher high and higher low
This is what you want to see from a hold of support and recovery
So there is an argument here that Wave 4 is complete but it happened very quickly, how we will know for sure is how the price action handles to 50 Day MA at 21900, a rejection here and we have Wave B complete and Wave C is next
A flip of this level to support and we must consider that Wave 4 is complete because we arguably see 3 waves.
Comments
Hopefully rejects xD… I was not brave enough to step in the 0.382… so I need second chance.
Karnick
2024-10-10 09:36:38 +0000 UTCSaturday briefing by Ministry of Finance might decide whether we completed Wave 4 or we still need to have a Wave C
Mk Yee
2024-10-10 09:36:09 +0000 UTC
