sis connie, what is the possible TP for the rally of 2 of 3 of 5?

Posted by connie > Feb 29, 2016 04:06 PM | Report Abuse

hmmm hawk ... HSI is only processing 2 of 3 of 5 now ??? the slope of the dip in the pm session after the rally to 19230 is much shallower than that of the am session ... so, i may want to count the last downleg as v of 1 :-
1) i of 1 = 19488 to 19386
2) ii of 1 = 19386 to 19420
3) iii of 1 = 19420 to 19145 (2.62 of i) => steep slope with highest momentum
4) iv of 1 = 19145 to 19230
5) v of 1 = 19230 to 19041 (~ 0.618 of i to iii) => shallower slope with waning momentum
so now, rallying at 2 of 3 of 5 ! interesting price actions :)

Thanks sis connie!

Sis connie, so 3 of wave 5 TP is?

sis connie, I am amazed with your EW counting! Please share your view on hsi. Thank you!