Within a Fibonacci support zone we are building a bottom since January 17th.
As the decline is old already and the Chinese economy is not as unhealthy as, say, the European ones I expect a breakout of the range within the next few days with an end of the downtrend.
As the decline is old already and the Chinese economy is not as unhealthy as, say, the European ones I expect a breakout of the range within the next few days with an end of the downtrend.
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It is not the end of the trend yet but a resistance. I need some more confirmation to take a larger and long term position.