HSI
Added 2024-02-06 15:39:35 +0000 UTCContinues to move with $BABA, only slight difference is that HSI held the 0.618 Fib, while $BABA held its 0.5 Fib...however both are in the Wave 2 support zone.
We want to see a higher high next from HSI and getting above the 50 Day MA at 16300 and holding will kill two birds with one stone.
HSI will likely test the top of the channel next then....this is when things getting very interesting for the bulls as this is a clear sign of a reversal.
$BABA and $BIDU are ready for it.
So two hurdles to get through next but first, the 50 Day MA flipping to support.
