JUN3.DE - Daily
Our expectations: Downward trend price and after correction to key resistance zone. SL: 34.20.
Alternative Scenario: If the price moves above the resistance zone, the negative scenario will break and we will probably see an increase in the value of the shares.
Comment: Following the breakthrough of the main upward trend line (the dotted line), the price goes below 50% Fibonacci correction of the main upward trend, which puts its end. The price is currently testing the resistance zone formed by the old ascending diagonal, the horizontal resistance zone, the upper diagonal of the new downward trend, and 38.2% + 50% (on the old trend) Fibonacci correction. 50 and 200SMA remain in place - the trend remains in place. RSI is between 50 and 70, suggesting that short-term upward pulses are possible. Price Action: The resistance zone is tested twice, the first time a swirling bar is formed, and the second test bears a pin bar.
Positioning: Entry immediately when opening up European markets.
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