I follow these Fibo levels with XBANK looks like it is working perfectly until now. there are two critical levels to secure continuing uptrend. 50day MA is working well as a support and resistance. In case the index flexes below 50day MA, Fibo 0.618 looks like a proper support level. I would expect the move to be on the uptrend side as long as 3358 support is not broken. If both levels are broken, it will be better to wait for a new bottom pattern instead of guessing where it is going to bounce back.
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