TWEET - HSI - DOUBLE 0.618 FIB HOLD -
Added 2024-09-25 14:19:19 +0000 UTCHSI After my tweet about the double 0.618 Fib hold, I got a lot of questions asking for an example, so here it is on the HSI chart.
- Low came in at the start of 2024
- The First Pull Back to the 0.618 Fib was in August '24 at 16,669, making a higher low
- The Second Pull Back to the 0.618 Fib was in Sept at 17,110, which was also at the 200 Day MA
- Which gave us a second higher low, to a confluence level Once this price held, a strong bounce was inevitable and you can clearly see this happening....breaking now out of the 2 year wedge.
Textbook.
