HSI is approaching our first support at 25562 (78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance). Stochastic (89,5,3) is...
HSI is approaching our first support at 25562 (78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is also...
Hang Seng Index is approaching our first support at 25562 (horizontal swing low support, 61.8% Fibonacci extension, 78.6%, 61.8% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic...
1. Good RR with stoploss above structure 2. Pin bar rejection from the fibb level 3. Volume is low on the pullback 4. Rejection from trend line. 5. Lower close of previous low in 1hour time frame. Good reason for entry
Price is testing our first resistance at 26619 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 25562 78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also approaching resistance...