Hey all ! Check out $CCB (00939.HK)$ ~ I can see that price...
Hey all ! Check out $CCB (00939.HK)$ ~ I can see that prices are abiding to a descending trendline resistance. I am expecting price to drop from pivot level in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 161.8% Fibonacci retracement and 127.2% Fibonacci projection. My bearish bias is further supported by price holding below the Ichimoku cloud and it is forming a strong resistance level.
Potential Pivot level@5.20
Potential Take Profit level@4.95
Potential Stop Loss level@5.30
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