Sell below 9060. Stop loss at 9464. Take profit at 7821. Reason for the trading strategy (technically): We see price testing its major resistance at 9080 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing high resistance) where we expect price to react off it, pushing it to its support at 7821 (50% Fibonacci retracement, horizontal pullback support). We do have to be cautious of the intermediate support at 8453 (100% Fibonacci extension, 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) tested its resistance at 96% where a corresponding reaction is expected.
gracias por este aporte, sin embargo considero que existe la probabilidad de regrese sobre los 6900, a mediados de los primeros dias de mayo. lo incierto de las regulaciones y la situacion de yuan vs petroleo puede variar mucho