in a butterfly pattern in the distance between the x and b about 80% the D can be lower than the x between 1.27: 1.6% that mean short term low can be between 7635 and 7455
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the market now is 7950 I guess it can capped below 8000 till touch the target zone 8000 is a good level to stop any short position with small risk 50 pips against 350 profit in a short term view