LYY8 ETF 20.07.2017
Our expectations: Long-term upward movement, correction to levels of diagonal support and Fibo 23.6. The ETF is following the movements of the German index DAX. If the price of the stocks in the index goes up we might see increase in the price of the ETF.
Alternative scenario: If the price goes below the 23.6 level of Fibo, the positive scenario will be spoilt.
SL: 105.00
Trader Bozhidar Arabadzhiev
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