Where do I position the HSI TOOL?
HSI's are used at a top or a bottom of a "leg. Waves" The HSI tool is designed to measure the fibonacci Sequence of Elliott Waves. In a 5 wave move down you place the start of the HSI at the Top of each clearly defined wave. In a 5 wave move up you place the start of the HSI at the bottom of each clearly defined wave. there are only 5 waves in a move therefore the maximum times it can be uses is 3 waves! It does not matter which chart compression you find it on - only that you find it. A 60 minute usually shows it very clearly. There is a tutorial on how to use this tool in the Tutorials section.