Hanes Brands (HBI): Terminal End of a Correction?
SUMMARY
When is the best time to buy? At the terminal end of a correction. Take a look at the Hanes Brands (HBI) chart. I made a very nice 3 wave extended impulse wave sequence. After wave 5, the correction didn't waste any time. Price has been correcting while traveling within a channel and the key question is: What's next?
The subwaves qualify the higher degree of trend waves pretty well. The correction looks to be a wxyxz (blue) sequence. Note also the downward wedge pattern (yellow) and price should break out of this pattern as well. The MACD has been making higher lows while price has been putting in lower lows. I believe a price turn to the upside is coming.
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Hi men im new in this of the crypto currency stuff your analisis are very interesting can i ask u where do u get those charts? pliz
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Thanks for the change in analysis haejin where you've included some of the key stocks...very interesting stuff my friend...cheers
While I'm not very interested in the actual individual stocks, It has been interesting to me to see graphs in different phases of development. The crypto market seem to move in a very similar fashion and all at the same time. The stocks seem to be in all phases of the 5 wave upcycles and corrections.
Good evening, I'll follow you and vote for you in the publication, if you can help me I'll thank you.
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Good analysis, it may help traders to gain profits while doing trading.