HSI has been simply fantastic and a chartist dream.
No surprises with its movement, respecting moving averages and important Fib levels, holding supports where it needed to and bouncing perfectly.
A clear test and hold on the 0.618 Fib, which was also the 200 Day MA, so we knew that this level was an important level to hold and it did, this then followed with a strong bounce and a higher high.
So the impulse waves have been added and Wave 3 is at the standard 1.618 Fib
China has further helped its real estate sector today by helping people to buy with less constraints and the market appeared to love this.....also looking nice as a set up for next week.
Worth looking at $YINN to take advantage of this.,