GLE.FR – D1 Our expectations:
Long with the trend. A short-term correction allows adding long positions. The price has reached a support zone and is heading north again.
Correction 23.6% Fibonacci.
Test of 50SMA, price above 200SMA, MAs in the bull formation.
DeMarker, tyrns above 0.3 – a signal for increase.
Sequential gives 9 for increase, which combined with a DeM turning above 0.3 is an extremely strong long signal.
Alternative scenario: Breakthrough 29 will probably lead to a further correction
Trader Georgi Bozhidarov