Thoughts on BYD?
On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to sell entry at 244.4 where the 50% fibonacci retracement, 61.8% fibonacci projection, -27.2% fibonacci expansion and pullback support are. Should price break entry structure, we would expect bearish momentum to carry price to take profit at 204.4 where the swing low support, 78.6% fibonacci retracement and 78.6% fibonacci projection are. Alternatively, price could rise to stop loss at 287.2 where the pullback resistance is.
Entry: 244.4 ![]()
Take Profit: 204.4 ![]()
Stop Loss: 287.2 ![]()
![Thoughts on BYD?](https://sgsnsimg.moomoo.com/102268411/editor_image/58270ef97aef3214a0cd9dc7bcaca1d1.png/bigmoo)
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搞经济 抄底 加仓 : Sry but I got a different view on this. With the HSI market rebounding , I see incoming bullish for BYD![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)