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Bull Trap, Shooting Star in Retraction of 50% Fibonacci

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TVC:SHCOMP   Índice Shanghai Composite
The Chines index found strong resistance at the 50% Fibonacci retraction leaving a pretty shooting star on the weekly chart. We also have in the region the 200-day moving average, functioning as a beautiful dynamic resistance. I speculate that the price will fetch the next level of support previously tested!

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