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Interesting similarities of NIFTYs sharp reversal

Nifty 50 Index (NSE:NIFTY)  
Juggy... Updated   
NSE:NIFTY   Nifty 50 Index
Fibonacci Trend Lines
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fibonacci trendline
The sharp reversal of the past few days with ~25% recovery looks similar to sharp recoveries of past in years 2000 and 20008 which marked a bear trend for about a year. Could this be similar? What happens at ~9500 levels as it reaches there in next 1 - 2 days will confirm the bear trend likely i guess? What are your thoughts?
Comment:
Okay ... so now reach the exhaustion area and moves in the coming 1 to 2 weeks are key to make up the trend.
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