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Price is at very strong support based on Fibonacci Retracement.
Stoploss on weekly closing basis

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Based on this analysis, the stoploss has triggered as I excepted 40 to be the turnaround level. Nevertheless, the golden ratio zone is between 30-34. A reversal above these levels would be the best place to enter. I still believe a turnaround is just around the corner, but trading is all based on confirmations, and I didn't find one so far.