Weekly summary 15 ~ 20 Jun 2015

 

 

 

HSIF Quarterly chart

 

 

 

 

 

 

 

HSIF monthly chart

 

 

 

 

 

 

HSIF weekly chart

 

 

 

 

 

HSIF daily chart

 

 

 

 

Harmonic weekly cycle

 

Yearly Basis :  Channel top achieved subject to AB = CD from 10567 to 28621 with 1 to 1 ratio 


Quarterly Basis :  This is the second quarter of 2015 , we already see a 3 quarter rise , that means a  9 months continuous uptrend without a severe retracement 
  
Monthly Basis :  90 months high 28621 from 31943 still hold as a Top with already 1 & 1/2 month ( 48 Days ) downside movement of which already exceeding Gann's 45 days rule 
 
Downward channel have been formed with resistant at channel top 27900 ,  we may see 248 if situation go worse


Weekly Basis :  We see a reversal bar with upside strength testing head and shoulder resistant  27312 , downside support would be 26505 or 25936  if market have no consensus to stand above 27312


Daily Basis :   Head and shoulder pattern is still in force , by counting 29 days cycle , we may have a minor T today , the next major T should be around 24 Jun 2015 which have a 1 : 1 ratio to the previous top at 28621 & 28560 


Wave count :  Still waiting for confirmation of first Impulse down from 28621 .........3rd wave started ?



Have a profitable week ! 




Regds

Yam