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In our case 78. 6 fib retracement is a past support(you cant see it in the screenshot but you should always look for past price levels), our RSI is oversold and we have a crossover in the stochastic oscillator near level 20. The information on this site is for general information purposes only and does not claim to be comprehensive or provide legal or other advice. The views expressed in contributor articles or on the forum are expressed by those contributors and do not necessarily reflect the views of BinaryOptions.