GlobalPrime
Long

HSI approaching support, potential bounce!

OANDA:HK33HKD   Hong Kong 33
HSI is approaching our first support at 29610.5 (horizontal pullback support, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 30272.6 (horizontal swing high resistance, 100% Fibonacci extension ).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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