Bayer is forming a bearish pattern, a H&S! Breaking the neckline could be a nice procyclical entry (stoppsell), the sl should be placed near above the right shoulder...after the breakout the sl should be adjusted near the entry ~ a bit above the neckline.
Trading above the possible ricght shoulder will brighten the Chart.
Trading above the possible ricght shoulder will brighten the Chart.
Comment:
Bayer decided not to trigegr the H&S...no, it could beat it`s thought right shoulder and now we see the buying wave
Comment:
nearly reached tp, now we saw a tough sellingwave...the rsi is now in the buying area!