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Where do I position the HSI TOOL?

Last Updated: Jun 25, 2014 12:07PM CDT
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.

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