Hane's (HBI) is destined to drop
From the impulse wave down in Q2 we see HBI made a .382- retracement before making a 1.27+ extension. Again from the impulse wave down in Q3 Hanes retraced again .382- it is now consolidating and interestingly we are one day away from the time period it took for HBI to breakdown in late June, early July; will history repeat itself?
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