Good day traders!
We're looking at a potential sell setup for  $BIDU-SW(09888.HK)$
And here is why:
1.) The price is moving below ichimoku cloud and showing a dropping trend
2) We are looking a sell opportunity at 119.6, which is the upper bound of consolidating area
3) The take profit is set at 103.7, where the swing low and 141.1% fib projection are
Anyone else have a similar short-term bearish outlook?
Trade Entry recommendations:
Buy Entry: 119.6
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Good day, traders!
We're sharing an idea for $MEITUAN-W(03690.HK)$ looking for the price moving in descending trend.
And there is our logic.
1.) The price is moving below the descending trendline on the H4 since the beginning of July 2022, and the price is below ichimoku cloud.
2.) The price is currently consolidating at 170.2
3.) We are looking the price drop from the 175 price level, where the overlap resistance is
4.) The take profit l...

Good day, traders!
We're sharing an idea for  $BYD COMPANY(01211.HK)$ looking for the price moving in descending trend.
And there is our logic.
1.) The price is moving below the descending trendline on the H4 since the beginning of July 2022, and the price is below ichimoku cloud.
2.) The price is currently trading at a all time low since July around the 200 levels
3.) The price may have a short term reverse and then drop to the take profit at 164 level.
4.) The take profi...