HSI might be in a downward wave
Updated
As stated in the diagram. HSI might go downward as the fibonacci ratio match. The target of the wave may be 26000.
If we see any strong resistance at 31000 or 31400 in this week. It is very likely that HSI will follow this trend to move
If we see any strong resistance at 31000 or 31400 in this week. It is very likely that HSI will follow this trend to move
Trade closed manually
Unfortunately, HSI cannot stand on 0.764 (around 31400). See it immediately drop under it the next day.As now the RSI is very low and comes to a critical support line. I close the position first. Wait and see if it is a rebound or a new raising wave.
Trade closed: stop reached
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