HEIA.H D1 Our expectations:
Long-term long trend and medium-term correction. The correction is now over and the movement turned in upward direction. The price goes back it the trend channel again. Yesterday's correction of the last bar provides a good opportunity to add to current long positions or build new ones.
Indicators:
Correction to 38.2 %% Fibonacci.
Price below 50SMA and above 200SMA.
SL: 92
Alternative scenario: It the price go back below 92 it means breakthrough key diagonal support and deeper correction.
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