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I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.
Much of the downwards movement has already been done for for this section of trading, however still some profit to be made on the sell till point .99632
Pending order if price breaks back below the fib zone. Reasonable target. We'll see how it plays out.