HIMX Patterns, Longside look
HIMX means one has to be right on the upcoming move. I'm neutral till clear beak of 11.29 or back test of 9.40's. Projected price action is black dotted line, based on FIBS, Channels & . I do think we possibly have an double going on and how it plays likely depends on any overall market structural move into Dec. The AB leg length is not clear, so one has to weigh this, in this chart it was made parallel to and equal the CD, mapped to the channel. The 'real' AB move started at the break off horizontal price accum ~ 2.73, this is also where the fib extensions originate. The trick with HIMX is (1) don't get fooled by the morning ramp, and (2) know when the real break is... this chart says the real break will be off the retest of the 9.40's. We'll see.