Thoughts on Xiaomi?
Hey everyone, I'm back with another setup here $XIAOMI-W(01810)$
On the H4, with prices moving along a descending trendline and below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 11.26 where the overlap resistance is to the take profit at 10.30 where the swing low support, 127.2% fibonacci extension and 61.8% fibonacci projection are. Alternatively, price could break entry structure and rise to stop loss at 11.78 where the pullback resistance is.
Entry: 11.26 [Smile]
Take Profit: 10.30 [Cool]
Stop Loss: 11.78 [Cry]
$Xiaomi 5xShortSG220705(DCCW.SI)$
$Xiaomi 5xLongSG221215(DJIW.SI)$
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