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motleifaul
Oct 9, 2023 5:32 PM

Correction Not Yet Finished Long

ALLIANZ SE NA O.N.XETR

Description

It is a little bit difficult to describe what I see.
2 different VWAPs(a rising and a having turned downward) indicate a bottom and on Friday we have re-entered a 3rd VWAP which is following the downtrend since 15th September.
In my opinion this says that we shall test the upper lines of the price band.
I know that this seems to be a bit strange but due to my experience this is the more likely outcome.

Trade closed: target reached

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