HSI approaching resistance, potential drop!

٢٩ يناير ٢٠١٩

HSI is approaching our first resistance at 27982 (38.2% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 26508 (50% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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