Thoughts on JD.com?
On the H4, with prices moving within a descending channel and below the ichimoku indicator, we have a bearish bias that prices will drop from sell entry at 229.0 where the pullback resistance and 23.6% fibonacci retracement are to the take profit at 189.4 where the swing low support, 78.6% fibonacci projection and -61.8% fibonacci expansion are. Alternatively, prices could break entry structure and rise to stop loss at 269.6 where the swing high resistance, 78.6% fibonacci retracement, 161.8% fibonacci extension and -61.8% fibonacci expansion are.
Entry:229.0
Take Profit:189.4
Stop Loss: 269.6
![Thoughts on JD.com?](https://sgsnsimg.moomoo.com/102268411/editor_image/4318b8946f7e361c9ea9c227c98ae522.png/bigmoo)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment