HSI
Added 2024-09-27 10:16:03 +0000 UTCOk I have added in a longer time frame here to show how the HSI can move over the next 10 months.
Right now, the current Wave 3 has gone extended above its 1.618 Fib at 19,745, this is likely down to the trickle out effect of information from policy makers, instead of one large release.
It is unclear how far this Wave 3 will go but I would be surprised it if went beyond the 2.618 Fib at 21475
Like $BABA, I expect a Wave 4 pull back next, followed by a move higher to Wave 5 into the New Year, which will complete Primary Wave 3.
The trend is clear here, the impulse wave is clear, the momentum is behind this market, all we need to see is for the wave counts to keep their structure.....this is Wave 3, so it is tolerated here and it is Wave 3 of Primary Wave 3 too....so if you are gonna see any parabolic moves, this is where it will happen, so take comfort from this.
People who are considering adding, should wait for Wave 4 to pull back
Comments
Interesting one Cap , this would imply BABA and BIDU can also extend to their 2.1 if momentum continiues and wave 4 might look different no ?
Bercan
2024-09-27 10:20:06 +0000 UTC
