Hi guys! I have another setup here $KUAISHOU-W(01024)$
On the H4, with prices moving within the descending channel and below the ichimoku indicator, we have a bearish bias that prices will drop to sell entry at 76.90 where the pullback support is. Once there is downside confirmation that price has broken the entry structure, we would expect bearish momentum to carry price to take profit at 68.40 in line with pullback support, 61.8% fibonacci retracement, -27.2% fibonacci expansion and 100% fibonacci projection. Alternatively, price could rise to stop loss at 86.15 where the swing high resistance is.
Entry: 76.90[Smile]
Take Profit: 68.40[Miser]
Stop Loss: 86.15 [Cry]
$Kuaisho 5xLongSG220808(DXDW.SI)$
$Kuaisho 5xShortSG220307(DJXW.SI)$
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