VasilyTrader

BMW: Bearish Continuation & Short Trade

Short
XETR:BMW   BAY.MOTOREN WERKE AG ST

BMW has violated a rising parallel channel .
after that the price set a horizontal decision range and yesterday it was broken as well.

during today's trading session the price retested the 618 retracement of the last bearish leg,
showing a negative bearish reaction.

now bearish continuation is expected.

target levels:
57.15
56.0

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