HSI is approaching our first resistance at 30025.0 (horizontal pullback resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 27903.0 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal pullback support).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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