$HSI Let's take a deeper look at the current situation.

Based on Fibonacci levels, we see that the impulse is not yet complete. And the fall that is happening now - wave 4 of this impulse. Since the drop was very strong, wave 5 will most likely be truncated and stop in the range of 34000 - 35000. After that, a long-term correction will begin which should return the values to the bottom of 4 waves, That is, to the level 24400 - 24000

This analysis will not be true if HSI falls below 24364.

In the following analysis, we will try to understand the current correction to determine whether it has ended.

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