VasilyPonomarev
Short

BMW: Bearish Continuation & Short Trade

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

Comments

good work man, thanks for sharing
Reply
VasilyPonomarev TradingAxis
@TradingAxis, you are welcome!
Reply
I wish i understand what you meant by retested the 618 retracement of the last bearish leg
Reply
@Jeremy2, You will grasp it bro
Just time and practice
Reply
Are you also bearish on BM?
Reply
Jeremy2 VasilyPonomarev
@VasilyPonomarev, I'm still a newbie sir
demo trading
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out