HSI is approaching our first resistance at 27358.5 (100%, 61.8% fibonacci extension, 38.2% fibonacci retracement, horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 26079.8 (horizontal pullback support, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price.
Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price.
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🧑🏫🧑🏫 Author of the #1 Order Flow Script:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.