CFD: MRK.DE (Merck KGAA)
Time period: D1
Our Expectations: We are seeing a long-term upward trend as from April 8 we see a short-term correction. We expect the price to continue its downward movement to the area around 93.26, where the price will test the 200-period moving average and the supportive diagonal line.
Aggressive scenario: Entering long as soon as the 200-year period is reached.
Conservative scenario: We wait for a test in the zone and we enter long after the daily candle closes.
Alternative scenario: The price successfully breaks through the area and closes below it, with the downward movement accelerating, and our bullish scenario will be spoiled.
STOP LOSS: 91.
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