HSI approaching resistance, potential drop!
HSI is approaching our first resistance at 27915.4 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 24095.7 (horizontal pullback support, 100% Fibonacci extension , 61.8% Fibonacci retracement) .
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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