HSI approaching resistance, potential drop!

٢٨ يناير ٢٠١٩

HSI is approaching our first resistance at 29081(horizontal pullback resistance, 50% & 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 27135 (50% Fibonacci retracement , horizontal pullback support)

Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.