HSI
Added 2024-09-26 11:21:56 +0000 UTCOK first of all, congrats all for sticking with us, believing in the strategy and trusting the charts,
It is not easy to go against the masses and it is certainly not easy to hold for extensive periods of time....but this is why +70% of people do not make money doing this.
Charts don't lie, fundamentals can't lie, following theory guides you, execution is all on you then.
Today the HSI made a new high and a 52 week high and ran up to the 1.618 Fib at Wave 3 and has so far overshot it.
Yesterday we said that it has still more to go to reach this level and thats what happened today
Being so close to the 1.618 Fib yesterday is not an area to buy, it also wasn't a pull back, it was intraday movement and not even visible on the chart
You wait for Wave 4 to pull back instead of chasing.
In spite of everything that has happened out of China over the last few days, there are no changes here to the chart
The double 0.618 Fib hold on the 200 Day MA told us everything we needed to know, way ahead of the Chinese policy makers announcements, this is the true value of Elliott Wave Theory
Comments
Serious move Damian
Gareth Neary
2024-09-26 12:24:48 +0000 UTCYou learned me some good patience. I accumulated this ETF during 2023 and the beginning of 2024 ; also sold US based ETF‘s for this. Appreciate your work. Thanks cap!
Damian Howald
2024-09-26 11:54:59 +0000 UTCPossibly, but it will come
Gareth Neary
2024-09-26 11:33:10 +0000 UTCImpressive stuff. It feels like a W4 pullback is going to take some doing with this current fomo and stream of good talk from China
Bosher!
2024-09-26 11:25:58 +0000 UTC
