HSI bottomed in January after hitting Fibonacci 1:1 in the last corrective leg. Since then, it has made a higher low forming inverse head and shoulder. Today it formed an impulsive run and closed above yesterday's high. Another confirmation that a bottom may have formed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.