Short

HSI approaching resistance, potential drop!

Updated

HSI is approaching our first resistance at 30013.9 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 29261.6 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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