The Long Investor

HSI

Added 2024-09-25 08:46:00 +0000 UTC

HSI still finished up 0.6% today, in spite of the pull back in the afternoon trading in Hong Kong, up another 4% at one stage today too.

Price has not hit the 1.618 Fib yet but has come very close, so we will see over the next few sessions if it can hit this level before needing to pull back for Wave 4..

If this is the start of Wave 4, I have added in the 0.38 Fib level provisionally now to see where the pull back level can come to, crucially you need to remember that this is moving in an impulse wave and after a very aggressive run from the middle of Sept to very close to our 1.618 Fib (incredibly impressive projection and show of strength) we must expect a pull back for Wave 4 and we need to see it too.....parabolic moves beyond the 1.618 Fib is not something I want to see.