As you can tell by looking at the chart, there seems to be a distribution at play here. After hitting a HTF 2.618 extension, there was quite a steep retracement that resulted in what looked like a bull flag. With recent sweep of that same high at the 2.618 extension, it now looks like Xiaomi will break down sooner or later. This distribution started months ago, so expect this to take some time to play out. But by current looks, first leg down could start soon IMHO.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.