RWE.DE Daily Chart Our Expectations: Long trend, Correction to Basic Horizontal and Diagonal. The price goes back north with the trend
Comment: Long trend. Correction to basic horizon and diagonal. Breakthrough of 38.2% Fibonacci. The price is forming higher tops and bottoms. RSI14 on neutral territory. Breakthrough 50SMA, the price stays above.
SL: 18
Alternative Scenario: If the price breaks and falls below support, the correction may be deeper by following a 61.8% Fibonacci test. Breakthrough there will ruin this scenario and send the action to the sword territory.
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