Use “day” time range
For short term investors
After a sharp decline over the past few days, the price hit the potential retracement zone of the Fibonacci ratios, accompanied by a significant increase in volume, as indicated by the blue arrow. According to the rules (a buy signal is followed by a significant increase in volume after a decline), we expect buying power to show up, with the target testing the resistance at 101,511 and then 117,587, with the stop loss set to confirm the breakout of the low of 80,600 during the high volume trading session.

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