2.A blue has formed on the , I disregarded the breakout because the resistance have been tested so many times since March. If HK50 break the FIb 38.2 level, I may pay attention to the resistance.
3. What’s more, we can see the daily is coming close to the overbuying zone. When entering the overbuying zone, HK50 usually face a pull back. I pointed them out with yellow circles. Maybe when HK 50 meet the wedge’s resistance, the daily will enter the overbuying zone, and it may pull back to Fib 23.6level or the wedge’s support.