XIAOMI
meituan CommentatorThe leading diagonal hypothesis has not been invalidated, but it can no longer form an impulse wave.
32.94 to 30.8, the retracement is close to 0.8, specifically 0.796.
This indicates the market needs time to recover gradually, and future price movements will likely be mild.
30.8 is the lifeblood of the bulls; a break below this level would turn the outlook bearish.
If the leading diagonal is to be completed, a move down to 34 presents a significant opportunity.
$XIAOMI-W(01810.HK)
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