Oh no, HSI trend gap low open again, will the up trend end here??
Quick tips, yesterday the candle end as OVERBOUGHT yellow candle, therefore the retracement today is normal. And the trend has already reached the Fibonacci middle area, so the retracement is predictable.
Therefore, only if the trend did not break through B point, then the trend will up trend again stonger, but if break through B point then rebounce, the uptrend is weak.
Hope this idea may help you.
Quick tips, yesterday the candle end as OVERBOUGHT yellow candle, therefore the retracement today is normal. And the trend has already reached the Fibonacci middle area, so the retracement is predictable.
Therefore, only if the trend did not break through B point, then the trend will up trend again stonger, but if break through B point then rebounce, the uptrend is weak.
Hope this idea may help you.
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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.