Hong Kong 33Short
HSI approaching resistance, potential drop!
HSI is approaching our first resistance at 27358.5 (100%, 61.8% Fiboancci 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 26147.1 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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