Posible buy option on breakout?

on the large scale theres a funnel formation indicating a rise. since 2016 this pattern also looks to me like it could be a buy option until around 97.50 (786 on fibs) to do this it will firstly need to break the downward trend resistance line.
automotiveBMWFibonacciFibonacci RetracementgermanyindustryLONGrangeStockssupportSupport and Resistancetrend

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