I think the initiation of the market pull back is happening now, HSI did drop -10% at the opening but recovered a lot but I think this was the signal to the market that the pull back further will continue
If this is the case then the Wave 4 level on the 0.38 Fib is nice and tidy at $99, like I always say, I want control and structure and respecting the Fib levels
I can allow some aggression in Wave 3....this can be normal but I would like to see Wave 4 pulling it back together
I will certainly be adding at $99 once the 0.38 Fib holds
That's all, let's keep in simple.
Kapil Pandey
2024-10-03 16:21:55 +0000 UTC