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Hsilong

HSI appraoching resistance, potential drop!HSI is approaching our first resistance at 27358.5 (100%, 61.8% fibonacci extension , 38.2% fibonacci retracement , horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 26079.8 (horizontal pullback support, 50% fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresonding drop in price.
OANDA:HK33HKDShort
by FlowState
HSI appraoching resistance, potential drop!HSI is approaching our first resistance at 27358.5 (100%, 61.8% fibonacci extension , 38.2% fibonacci retracement , horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 26079.8 (horizontal pullback support, 50% fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresonding drop in price.
OANDA:HK33HKDShort
by FlowState
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 27336 (100% fibonacci extension, 78.6% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 25050 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:HK33HKDShort
by Tickmill
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