As explained on chart. Would suggest a staggered investing method for portfolio addition and Swing trades.
Long Entry price 180-185 SL Lifetime Low 177 Target Open! Swing traders can exit at Targets 200-210
I personally feel that the budget on Saturday is going to give a nice boost to energy stocks and such infrastructure/power driven stocks. Starting Addition as soon as bounce from falling support trendline crosses the 1/1 fractal on Fibb Fan.
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triggerred
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instantly bounced 1% from support
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Be wary as the falling support has broken. Keep at strict SL at lifetime low 177 However i feel Saturday since the market is open we might see a big upmove! :)