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Short term profit explained in the chart.
0.618 is an important level. It found support at this level last time before it began the upswing. Will it find support here this time?
Very close to an ascending triangle. I'd attempt entry at A followed by B with stop loss at the lower line. Hopefully it'll breakout at the resistance all the way to target "profit".
I think we are looking at a possible breakout at the support. Probable bearish trend!
Do points 'A' and 'B' seem like potential buy levels with and eventually to 'C'?
I am not looking at trading out at the moment, but looking to see if it'd hit the resistance between 7952 and 8075?