HL.UK Daily Chart Our Expectations: Rising Long-Term Trend, Correction to Horizontal and Diagonal. Opportunity for long positions with stop 21.30
Alternative scenario: Breakthrough at key technical levels will send the price to a correctional territory, with an ending of the upward trend and the beginning of a new downward movement.
Comment: Upward Trend, Correction to Horizontal Structural Support and Diagonal Trendline. At these levels is also 38.2% Fibonacci, as well as 50 MA, which makes them even more significant. 50/200 MA in bullish formation. For a more precise entry, we are waiting for the start of the new week and go long after the occurrence of a price action signal.
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