OK, As you know I do not like carry trades on Indices.
Yesterday on the HK50 price hit BML -2/8ths and bounced up.
If the current trading frame remains intact (MML 4/8th to MML 5/8th) then price wants to go back to center mass (4/8th BML).
It did in fact go up past it to just over the 5/8th BML (Woohoo!).
MMath is not for everyone but the OBOS areas (8/8th to +2/8th & 0/8th to -2/8th levels) are great for watching turning points.
All the best
XARD: Follow up...
WS30 bounces off the 7/8th BML as the Gold Semafor top holds. This is approx a BML 4/8th move.
Murrey says that the 1/8th & 7/8th levels are the best entry levels inside the Trading Frame to take (albeit Major, Minor or Baby Octave).