VasilyTrader

BMW: Pullback From Key Level

Short
XETR:BMW   BAY.MOTOREN WERKE AG ST

BM stock reached a key high of 2020.

On that the price has formed a double top formation with a lower high on daily t.f.
Its neckline has been recently broken.

Now I expect a bearish continuation.

Goals are based on daily structure:
65.0
60.0

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