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Wolf
Dec 10, 2014 6:48 PM

FRA40 - Going to a support line for an important decision. 

CAC 40 index of French listed sharesFXCM

Description

There is no other support next to the horizontal support lines crossed with a symmetrical trend line since October 16 and a Fibonacci retracement of 38.2% .

So, it's either breaking this support and we continue having a bearish price (unless we have an underground new bullish trend) OR we continue the uptrend to test again the red line.
Comments
Wolf
Just a little drawing mistake: Fibo first level should be on the bottom. The .382 level still coincides with the demand circle I drew which could change direction at that zone:

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