EWFcw

Beiersdorf AG (BEI - Xetra) - choppy price action

XETR:BEI   BEIERSDORF AG
Beiersdorf AG (BEI - Xetra) has completed WXY correction within 4 hr time frame in double zigzag, thereafter it made a sharp declining wave A.
Wait for B wave correction to over as abc pattern either zigzag or flat to get entry for sell in wave C.
Wait for confirmation before entry. It is under-performer to DAX index which will be added benefit for sell trade set up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.