has dropped strongly and is bouncing off key support at 709 (61.8% Fibonacci retracement
, 100% Fibonacci extension
, horizontal overlap support) and a strong bounce could occur at this level. Our next major level of support is at 653 ( Fibonacci retracement
, horizontal swing low support) and our next major level of resistance is at 804 ( Fibonacci retracement
, horizontal overlap resistance).
(55,5,3) is seeing major support at 6.7% where a possible bounce could occur.
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Losses can exceed the initial investment so please ensure you fully understand the risks.