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HFC - getting deeper into the Green Target Box
Check the original post on HFC here. This is a micro update focusing on levels for potential entry. If we look at a micro 45 min chart we can see that this final wave c of v may stretch to 100% ext of wave a of v (43.33) or even to 123.6% ext ( 40.93 ). I start to track a micro structure of the final wave c of v. That c of v has to produce five micro waves (blue labels). Micro wave iii down may bottom at 43.90 – 43.30. The very final wave v may overthrow that lower trendline.
This morning HFC has opened lower and is currently traded at 45.10. It is still too early to buy…