Shakeout Incoming?
Since my last post, Hsi did crawl up but was rejected strongly from 18400 and is back in the value area around 17500.
The way it is shaping up, i suspect that a strong shakeout is coming up in next few days in which HSI can drop all the way to 16k. If that happens, it will present a very good opportunity to get Long at the start of a possible multi month move UP.
To ride the fakeout, you can sell around 18k with SL above 15th Nov High. There is also a good chance that no fakeout happens and the move simply speeds up from here so manage your risk properly.
The way it is shaping up, i suspect that a strong shakeout is coming up in next few days in which HSI can drop all the way to 16k. If that happens, it will present a very good opportunity to get Long at the start of a possible multi month move UP.
To ride the fakeout, you can sell around 18k with SL above 15th Nov High. There is also a good chance that no fakeout happens and the move simply speeds up from here so manage your risk properly.
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