Update on HSI As My previous Idea: the HSI has completed the first target of 22194 now i have already taken half profit of my long and I am willing to buy it again when price pull back to 0.618 Pay Attention to 19788
Comments
MatthewChoi
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i think 20000 to 21000 is the cost price....
it won't drop below this price.
MatthewChoi
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how long will hit the target?In this year??
tntsunrise
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maybe 2017
Trendliner
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If you're expecting a pullback to 0.618, whould it not be a good idea to go short?
tntsunrise
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no. trend is up. i will only buy the low.
Trendliner
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so, what if price goes lower than 0.618, would you still buy?...What is the lowest point that you would buy at? At what point does the trend change? --thanks for your thoughts...
tntsunrise
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if you know how to identify the trend, it is very easy to answer ur question.
up trend means, higher high and higher low.
so as long as it doesnt make a lower low, i will buy
tntsunrise
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expect to buy doesnt mean the market will definitely go there.
it won't drop below this price.