Uptrend continuation. As predicted before, after touching 9200 we saw a retracement to 0.23 Fib. After losing 0.23 Fib, next major support: 8275-8075 7800 Below 7350 means bearish.
Trade active
- Daily candle closed with bearish engulfing, after breakdown of trendline support. - Testing 0.23 Fib support. - Aroon indicates sell signal. Will close my short at 9275 and 8675. Hope we will get lucky to buy at 8250.
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