Hi Traders,

We are currently trying to break the trend line. There are two scenarios, 1. if we fail to fully break the trend line then we should see a move back up to the 618 Fib. However, 2. if we start to see sell side volume and the move to break he trend line strengthening then we can expect a further fall to support at 1150 roughly.

Thanks

The Market Sniper Team
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