HSI
The corrective wave 4 is completed and done.
The last down trending impulsive wave 5 is now in progress...
This wave 5 will have 5 subwaves....and inside this subwaves will have waves within waves( fractal waves ).
Today this subwave 2 create havoc and fear when the pullback was deep but did not violate the wave 1.
The coming subwave 3 will have more than the normal 5 waves...will have extensions within extensions....most likely a 9 wave structures or more.
Lets hope the tp at 15238.69 can hold...if not there will be deeper corrections.
For those who trade this put warrant....please bear in mind that this is a very volatile counter.
Only trade with professional advice or with a very tight trading plan with your exist and cut loss.
p/s....the above is just my2c opinion.....TRADE AT YOUR OWN RISKS.
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